The millionaire CEOs of some of the American companies with the lowest-paid workers saw an average pay raise of 29% in 2020 while their workers saw a 2% decrease, according to a report released Tuesday. This means that CEOs saw a 29% pay raise compared to 2019, while workers saw a 2% decrease. For all 100 companies, median worker pay was below $50,000 for 2020. Niccol received $38m last year, which is 2,898 times more than the company’s median worker pay of $13,127. Gibbs’ 2020 compensation was $14.6m while the company’s median pay was $11,377, according to the report.

Source: The Guardian May 11, 2021 03:56 UTC