Median CEO pay crosses $10M in 2013

Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012, according to an Associated Press/Equilar pay study.

Last year represented the fourth straight year that CEO compensation rose following a decline during the recession.

A CEO now makes roughly 257 times the average worker's salary, up from 181 times in 2009, according to the Associated Press.

Read more from the Associated Press.