CEOs made 299 times more than their average workers last year - News Summed Up

CEOs made 299 times more than their average workers last year


The average S&P 500 company CEO made 299 times the average worker's salary last year, according to AFL-CIO's annual Executive Paywatch report . Executives received $15.5 million in total compensation on average, marking an increase of more than $260,000 per year over the past decade. Both average compensation and pay ratios grew in 2020 during the pandemic. Executives' average total compensation increased more than $700,000 last year while CEO-to-worker pay ratios increased from 264:1 in 2019. Jobless rates for demographic groups also show that the pandemic's economic hardships are still mostly shouldered by low-income workers and non-White workers.


Source: CNN July 14, 2021 15:01 UTC



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