What’s worse than working for a chief executive who makes millions of dollars a year? Working for that same millionaire CEO when you know it would take you 100 years — or more — to earn his annual salary.
(Photo Credit: stuartpilbrow/Flickr)
PayScale’s Putting CEO Pay in Perspective data package highlights the extreme income gap between top officers at some companies and their typical employees.
Significantly, this report looks at the typical median pay, meaning that half the people working at the company earn more than this number, while half earn less. In other words, we’re not comparing the richest person at the company with the poorest; we’re comparing the highest-earning worker at the company with median-earner.
It’s also important to note that total cash compensation takes into account bonuses and profit sharing, but not stock, cash value of retirement benefits, or other non-cash benefits like healthcare.
These are the five companies had the highest CEO-to-worker pay ratios:
CEO: Larry J. Merlo
CEO Total Cash Compensation: $12,112,603
Typical Worker Pay: $28,700
Ratio: 422.04
2. Goodyear Tire & Rubber (GT)
CEO: Richard J. Kramer
CEO Total Cash Compensation: $15,086,645
Typical Worker Pay: $46,700
Ratio: 323.05
CEO: Robert A. Iger
CEO Total Cash Compensation: $17,038,538
Typical Worker Pay: $60,300
Ratio: 282.56
4. Twenty-First Century Fox (FOXA)
CEO: K. Rupert Murdoch
CEO Total Cash Compensation: $20,899,150
Typical Worker Pay: $77,900
Ratio: 268.28
5. Honeywell International (HON)
CEO: David M. Cote
CEO Total Cash Compensation: $16,560,958
Typical Worker Pay: $78,400
Ratio: 211.24
See more CEO-to-worker pay ratios in our infographic, below:
Tell Us What You Think
What’s the CEO-to-worker pay ratio at your company? We want to hear from you! Leave a comment or join the discussion on Twitter.
Based on her comment, I think Pam is an unfortunately misinformed, ideologically brainwashed, door to door saleswoman.
My Comment:
Do you have data available to support a list of the top 5 companies with the CEO to worker pay ratio that is closest to 1:1? it would be interesting to see those companies juxtaposed against the ones with these grotesque ratios
Keynesians poking people and promoting subtle envy with dissatisfaction reports. Ya think the greatest generation had attitudes like this about their bosses? Inspire people to strive, explore, achieve, not look around and point at what they don’t have…yet. 🙂