Top CEOs Make 331 Times More Than Average Worker
April 21, 2014
Standard& & Poor’s 500 companies pay their chief executives 331 times that of the average production and nonsupervisory worker, according to an AFL-CIO report. The average top CEO brought in $11.7 million, and the worker just $35,239. The 331-to-one ratio is actually down from last year – which was 354-to-one – but remains in stark contrast to the 46-to-one ratio that existed 30 years ago. A report in Bloomberg Businessweek breaks it down, and also notes that this kind of information may not make much difference to shareholders.
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