US CEOs paid 231 times more than average workersMay 3, 12:32 pm
Washington, May 3 (ANI): Last year, the average U.S. chief executive earned more than 11 million dollars in salary, stock options and other compensation, a new analysis by the Economic Policy Institute has revealed.
That’s about 231 times more, on average, than workers, LA Times reported.
But that ratio has shrunk a bit since the height of the dot.com bubble, when a ballooning stock market inflated CEO compensation to 411 times that of working stiffs.
And it’s smaller than the pay gap calculated recently by the AFL-CIO, the umbrella federation of unions representing about 12 million U.S. workers.
Their analysis concluded that the typical CEO of an S ‘n’ P 500 Index company made 380 times the average wages of U.S. workers in 2011.
Thus, one thing is clear that the pay gap between U.S. CEOs and rank-and-file workers is higher than anywhere else in the developed world.
And it has been accelerating over the last few decades. In 1965, the U.S. CEO-to-worker compensation ratio was roughly 20 to 1.
Statistics also revealed that average CEO compensation was increased by 725 percent between 1978 and 2011, according to EPI.
And the average worker’s compensation increased by 5.7 percent over the same period. (ANI)
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