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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.
In the US "an April 2013 study by Bloomberg finds that large public company CEOs were paid an average of 204 times the compensation of rank-and-file workers in their industries. 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 ...
Median total compensation for S&P 500 CEOs (including stock awards) soared to $16.3 million in 2023 — a huge year-over-year increase of 12.6%, compared to just 0.9% in 2022. Workers made more ...
Carnival’s CEO pay raise is modest compared to most, however, the total compensation still overshadows average worker pay which pay dropped by 68.1% in 2021 likely due to the cruise ship ...
Top U.S. CEO pay increased by 1,209.2% between 1978 and 2022, compared with a 15.3% increase in a typical worker’s compensation, according to the nonprofit Washington D.C.-based Economic Policy ...
In 2017, the average CEOs of America's largest companies earned 312 times more than their typical worker, according to a Economic Policy Institute report.
The CEO Pay Ratio is a wage ratio. Pursuant to Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act , publicly traded companies are required to disclose (1) the median total annual compensation of all employees other than the CEO and (2) the ratio of the CEO's annual total compensation to that of the median employee ...