While income inequality is still one of the biggest social problems of our time, a study was published today that takes a closer look at this issue. largest union of unions in the US American Federation of Labor and Congress of Industrial Organizations The report published by the company showed how many times more salaries the CEOs of the 20 most valuable companies earn than their employees.
According to the report, CEOs of the 500 most valuable companies on the S&P 500 earned an average of 324 times more money than their employees. This percentage was 299 times in 2020. Wages of CEOs up 18.2% over the year while the wages of the workers are increased by only 4.7% attention was drawn. The employee-CEO pay difference for companies was as follows:
The 20 companies with the largest annual pay gap between CEOs and employees:
Amazon:
- CEO Salary: $212.7 million
- Average Employee Wage: $32,854
- Difference with the employee: 6474 times
Expedia:
- CEO Salary: $296.2 million
- Average Employee Wage: $102,234
- Difference with employee: 2897 times
McDonald’s:
- CEO Salary: $20 Million
- Average Employee Wage: $8,884
- Difference with employee: 2251 times
TJX Cos:
- CEO Salary: $31.8 million
- Average Employee Wage: $14,139
- Difference with employee: 2249 times
yum! Brands:
- CEO Salary: $27.6 million
- Average Employee Wage: $13,092
- Difference with employee: 2108 times
aptiv
- CEO Salary: $14.7 million
- Average Employee Wage: $7,379
- Difference with employee: 1992 times
Estee Lauder:
- CEO Salary: $66 million
- Average Employee Wage: $33,587
- Difference with employee: 1965 times
Penn National Gaming:
- CEO Salary: $65.9 million
- Average Employee Wage: $33,934
- Difference with employee: 1942 times
Coca-Cola:
- CEO Salary: $24.9 million
- Average Employee Wage: $13,902
- Difference with employee: 1791 times
Carnival Corp.:
- CEO Salary: $15.1 Million
- Average Employee Wage: $8,678
- Difference with employee: 1740 times
Intel:
- CEO Salary: $178.6 million
- Average Employee Wage: $104.383
- Difference with employee: 1711 times
Bath & Body Works:
- CEO Salary: $17.7 million
- Average Employee Wage: $10,649
- Difference with employee: 1662 times
Align technology:
- CEO Salary: $21.6 million
- Average Employee Wage: $13,019
- Difference with employee: 1659 times
Starbucks:
- CEO Salary: $20.4 million
- Average Employee Wage: $12,919
- Difference with the employee: 1579 times
Western digital:
- CEO Salary: $17.1 million
- Average Employee Wage: $11,294
- Difference with employee: 1514 times
Under armor:
- CEO Salary: $15.5 million
- Average Employee Wage: $10,437
- Difference with the employee: 1485 times
Ross stores:
- CEO Salary: $16 million
- Average Employee Wage: $10,810
- Difference with employee: 1480 times
Apple:
- CEO Salary: $98.7 million
- Average Employee Wage: $68,210
- Difference with the employee: 1447 times
FLEETCOR technologies:
- CEO Salary: $57.9 million
- Average Employee Wage: $41,239
- Difference with the employee: 1404 times
Seagate Technology:
- CEO Salary: $11.6 million
- Average Employee Wage: $9,723
- Difference with employee: 1193 times
