The American Federation of Labor and the Congress of Industrial Organizations, the largest federation of labor unions in the USA, announced the companies with the highest difference between CEO and employee wages. Apple and Amazon are also on the list.
While income inequality continues to be one of the biggest social problems of our time, a study has been published today that slaps this problem on the face. largest federation of labor unions in the USA 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.
CEOs of the 500 most valuable companies listed on the S&P 500 earned an average of 324 times more money than their employees, according to the report. This rate was 299 times in 2020. CEOs’ wages increased by 18.2% during the year while employee wages are increased by only 4.7% attention was drawn. The employee-CEO wage difference for companies was as follows:
The 20 companies with the largest CEO-employee annual pay gap:
Amazon:
- CEO’s salary: $212.7 million
- Average employee wage: $32,854
- Difference with the employee: 6474 times
Expedia:
- CEO’s salary: $296.2 million
- Average employee wage: $102,234
- Difference with employee: 2897 times
McDonald’s:
- CEO’s salary: $20 million
- Average employee wage: $8,884
- Difference with employee: 2251 times
TJX Cos:
- CEO’s salary: $31.8 million
- Average employee wage: $14,139
- Difference with employee: 2249 times
Yum! Brands:
- CEO’s salary: $27.6 million
- Average employee wage: $13,092
- Difference with employee: 2108 times
Aptiv
- CEO’s salary: $14.7 million
- Average employee wage: $7,379
- Difference with employee: 1992 times
Estee Lauder:
- CEO’s salary: $66 million
- Average employee wage: $33,587
- Difference with employee: 1965 times
Penn National Gaming:
- CEO’s salary: $65.9 million
- Average employee wage: $33,934
- Difference with employee: 1942 times
Coca Cola:
- CEO’s salary: $24.9 million
- Average employee wage: $13,902
- Difference with employee: 1791 times
Carnival Corp:
- CEO’s salary: $15.1 million
- Average employee wage: $8,678
- Difference with employee: 1740 times
Intel:
- CEO’s salary: $178.6 million
- Average employee wage: $104,383
- Difference with employee: 1711 times
Bath & Body Works:
- CEO’s salary: $17.7 million
- Average employee wage: $10,649
- Difference with employee: 1662 times
Align Technology:
- CEO’s salary: $21.6 million
- Average employee wage: $13,019
- Difference with employee: 1659 times
Starbucks:
- CEO’s salary: $20.4 million
- Average employee wage: $12,919
- Difference with the employee: 1579 times
Western Digital:
- CEO’s salary: $17.1 million
- Average employee wage: $11,294
- Difference with employee: 1514 times
Under Armor:
- CEO’s salary: $15.5 million
- Average employee wage: $10,437
- Difference with the employee: 1485 times
Ross Stores:
- CEO’s salary: $16 million
- Average employee wage: $10,810
- Difference with employee: 1480 times
Apple:
- CEO’s salary: $98.7 million
- Average employee wage: $68,210
- Difference with the employee: 1447 times
FLEETCOR Technologies:
- CEO’s salary: $57.9 million
- Average employee wage: $41,239
- Difference with employee: 1404 times
Seagate Technology:
- CEO’s salary: $11.6 million
- Average employee wage: $9,723
- Difference with employee: 1193 times
Source :
https://www.businessinsider.com/these-20-companies-have-biggest-ceo-to-worker-pay-ratios-2022-7