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Despite getting slapped with a pay cut of 35%, CEO Albert Bourla's salary of $21.6 million was still 291 times higher than the average worker's salary of $74,000. Ceri Breeze/istockphoto 18.
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
In an in-depth analysis of the 100 S&P 500 corporations with the lowest median worker pay levels in 2022, the Institute for Policy Studies found that the average CEO-worker pay gap was 603-to-1.
That suggests CEO pay packages could get even bigger this year. The $162 million CEO. No CEO in the S&P 500 came close to the total pay of Broadcom CEO Hock Tan, who raked in $161.8 million last year.
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.
By comparison, it is estimated that the average CEO Pay Ratio was about 20 times the typical worker’s pay in the 1950s, with that multiple rising to 42-to-1 in 1980, and to 120-to-1 in 2000". [3] While not as extreme, similar trends have been observed around the world.
Discovery. CEO Pay: $246.6 million Median Worker Pay: $82,964 CEO-Worker Pay Ratio: 2,972:1 CEO Pay Change Percent: +553.9% Why the Pay Change? Workers got a higher-than-average pay boost of 24.4% ...