The Economic Policy Institute says the comparison is unbelievable. It found that CEO pay in the United States rose by a staggering 1,322% between 1978 and 2020, while pay for the typical worker rose just 18% during that same period. The institute notes that the CEO-to-worker-pay ratio was 61-to-1 in 1989.
In 2020 top executives at the largest public firms in the U.S. were paid 351 times as much as the typical worker, with CEO pay measured by salary, bonuses, long-term incentive payouts, and exercised stock options. A CEO at one of the top 350 public companies in the U.S. was paid $24.2 million on average.
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