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The CEO also received a salary of $1.2 million, incentive pay of $1.8 million and $168,054 in other compensation, including $94,679 in personal use of the company airplane.
Since the 1990s, CEO compensation in the U.S. has outpaced corporate profits, economic growth and the average compensation of all workers. Between 1980 and 2004, Mutual Fund founder John Bogle estimates total CEO compensation grew 8.5 per cent/year compared to corporate profit growth of 2.9 per cent/year and per capita income growth of 3.1 per cent.
The gap between rich and poor is widening, and nowhere is it more apparent than American CEO salaries. Find out which companies have the largest wage gap between the CEO and its average worker
The pay for the five top-earning executives at each of the largest 1500 American companies for the ten years from 1994 to 2004 is estimated at approximately $500 billion in 2005 dollars. [46] As of late March 2012, USA Today's tally showed the median CEO pay of the S&P 500 for 2011 was $9.6 million. [47] Lower level executives also have fared well.
In economics, the wage ratio refers to the ratio of the top salaries in a group (company, city, country, etc.) to the bottom salaries. It is a measure of wage dispersion. There has been a resurgence in the importance of the wage ratio as well as the CEO Pay Ratio. The amount of money paid out to executives has steadily been on the rise.
In its annual analysis of CEO pay for The Associated Press, executive data firm Equilar reviewed the salaries, bonuses, perks, stock awards and other pay components of 341 top executives. The survey found that median CEO pay jumped nearly 13% last year, more than three times the 4.1% that wages and benefits netted by private-sector workers rose ...
When looking at the CEO-to-worker pay gap, it might be shocking to learn that toy company Mattel’s CEO pay raise didn’t even keep up with inflation. However, considering a salary of $16.1 ...
From February 2015 to November 2019, Art Peck was CEO of Gap Inc., [10] until he was replaced by Sonia Syngal in March 2020. [11] Syngal stepped down in July 2022, with executive chairman Bob Martin as interim CEO. [12] In February 2024, Gap appointed American fashion designer Zac Posen as Creative Director of Gap, and Chief Creative Officer ...