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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.
This has received a wide range of criticism leveled against it. [4] The top CEO's compensation increased by 940.3% from 1978 to 2018 in the US. In 2018, the average CEO's compensation from the top 350 US firms was $17.2 million. The typical worker's annual compensation grew just 11.9% within the same period. [5]
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Sonia Syngal, CEO, Gap Inc. Syngal was born to Sushma and Satya Syngal in India, before her family moved to Canada at a young age. She later moved to the United States where she got her bachelor's degree in Mechanical Engineering from Kettering University in 1993.
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 ...
In 2019 the highest paid CEO was Tesla's Elon Musk at $595.3 million [15] The U.S. has the world's highest CEO's compensation relative to manufacturing production workers. According to one 2005 estimate the U.S. ratio of CEO's to production worker pay is 39:1 compared to 31.8:1 in UK; 25.9:1 in Italy; 24.9:1 in New Zealand. [16]
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 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.