I wonder why it decreased in 2021? What possibly could have happened?
“This ratio drastically increased in the 1990s, and as of 2022, CEOs were paid 345 times the median worker on average across these firms, a slight decrease from a whopping 389 to 1 CEO-worker pay ratio in 2021.”
Oh wow, this is a disgusting stat.
“Walmart’s CEO was paid 933 times more than the company’s median worker in 2022, with the latter making only $27,136 while the CEO was paid $25.3 million.“
All of this makes me feel nauseous.
“Coca-Cola’s CEO was paid 1,883 times its median worker pay, of a mere $12,122.
If implemented, the bill could capture $150 billion over the next decade, the press release says. If it were in place in 2022, companies like Walmart would have paid up to $754 million more in taxes,Chase would have paid over $1 billion more, and Google would have seen its tax bill increase by over $3 billion.”
A strong middle class is good. How are those stock lines supposed to go up if nobody has money to spend? Save/invest for the future and spend for the present, a balance
> The CEO-worker pay ratio has skyrocketed in recent decades. In the early 1980s, CEOs were paid roughly 30 times the median worker on average across the top 350 U.S. firms, according to data analyzed by the Economic Policy Institute.
Hell yes. My CEO makes more than 200 times what I make, just announced that the company is freezing pensions, but is making sure he gets to keep his $25 million pension for himself. Fuck him and fuck them.
Tax them literally every penny above that amount.
The other thing I would do is make the company ineligible for Government contracts as well as subsidies
And then all of a sudden all the “workers” are now independent contractors….
I’m curious about why this is happening. Why would boards do this. Is it a circle jerk situation, where they sit on each other’s boards and raise each others pay? Is it because these individuals have particularly powerful contacts in government or industry? Has it coincided with, say, increased consolidation? I’d rather we identify and fix what is driving this inequity as it is hard to justify as being good for the company or in general.
Sounds great.
On this, I am with Bernie 100%.
Damn, this guy always has great ideas. Oh what could have been.
Why not just tax dividends?
Okay, but we really should tax the ones paying CEOs 500 times more than workers.
They officially state it as 591:1, but they exclude a ton of compensation.
Here’s the best part.. Lowes is now at -15B net worth because of stock buybacks. They didnt pay a Holiday bonus in 2023, but they can give record pay to executives.
Yeah that will help
It sounds nice but won’t pass because it the interests of the workers that benefit from this bill and not the wealthy elite .
It really doesn’t matter what the CEO makes. If the CEO of McDonalds decided to donate his pay to all of his employees, they’d each get like $20 per year. Whether that CEO gets paid $1M or $50M doesn’t make a difference to anyone else at the company.
I’m all for taxing the highest earners more and providing much more support to the lowest earners, but getting CEOs to reduce their pay just doesn’t solve anything. Let’s actually fight for benefiting the lowest level workers instead.
Get ready for all of us to become self employed contractors
Love this. Would also love something simultaneously closing tax loopholes while making the only loophole for corporations being paying all your workers enough to comfortably have a family on one income.
19 comments
I wonder why it decreased in 2021? What possibly could have happened?
“This ratio drastically increased in the 1990s, and as of 2022, CEOs were paid 345 times the median worker on average across these firms, a slight decrease from a whopping 389 to 1 CEO-worker pay ratio in 2021.”
Oh wow, this is a disgusting stat.
“Walmart’s CEO was paid 933 times more than the company’s median worker in 2022, with the latter making only $27,136 while the CEO was paid $25.3 million.“
All of this makes me feel nauseous.
“Coca-Cola’s CEO was paid 1,883 times its median worker pay, of a mere $12,122.
If implemented, the bill could capture $150 billion over the next decade, the press release says. If it were in place in 2022, companies like Walmart would have paid up to $754 million more in taxes,Chase would have paid over $1 billion more, and Google would have seen its tax bill increase by over $3 billion.”
A strong middle class is good. How are those stock lines supposed to go up if nobody has money to spend? Save/invest for the future and spend for the present, a balance
> The CEO-worker pay ratio has skyrocketed in recent decades. In the early 1980s, CEOs were paid roughly 30 times the median worker on average across the top 350 U.S. firms, according to data analyzed by the Economic Policy Institute.
Also note that since 1979 [worker productivity has grown 4.4x as much as pay.](https://www.epi.org/productivity-pay-gap). Coincidence?
Hell yes. My CEO makes more than 200 times what I make, just announced that the company is freezing pensions, but is making sure he gets to keep his $25 million pension for himself. Fuck him and fuck them.
Tax them literally every penny above that amount.
The other thing I would do is make the company ineligible for Government contracts as well as subsidies
And then all of a sudden all the “workers” are now independent contractors….
I’m curious about why this is happening. Why would boards do this. Is it a circle jerk situation, where they sit on each other’s boards and raise each others pay? Is it because these individuals have particularly powerful contacts in government or industry? Has it coincided with, say, increased consolidation? I’d rather we identify and fix what is driving this inequity as it is hard to justify as being good for the company or in general.
Sounds great.
On this, I am with Bernie 100%.
Damn, this guy always has great ideas. Oh what could have been.
Why not just tax dividends?
Okay, but we really should tax the ones paying CEOs 500 times more than workers.
Including peeformance compensation, ie stock options, Lowes CEO ratio is about 2120:1 in 2021.
https://www.sec.gov/ix?doc=/Archives/edgar/data/60667/000119312523099980/d392221ddef14a.htm
They officially state it as 591:1, but they exclude a ton of compensation.
Here’s the best part.. Lowes is now at -15B net worth because of stock buybacks. They didnt pay a Holiday bonus in 2023, but they can give record pay to executives.
Yeah that will help
It sounds nice but won’t pass because it the interests of the workers that benefit from this bill and not the wealthy elite .
It really doesn’t matter what the CEO makes. If the CEO of McDonalds decided to donate his pay to all of his employees, they’d each get like $20 per year. Whether that CEO gets paid $1M or $50M doesn’t make a difference to anyone else at the company.
I’m all for taxing the highest earners more and providing much more support to the lowest earners, but getting CEOs to reduce their pay just doesn’t solve anything. Let’s actually fight for benefiting the lowest level workers instead.
Get ready for all of us to become self employed contractors
Love this. Would also love something simultaneously closing tax loopholes while making the only loophole for corporations being paying all your workers enough to comfortably have a family on one income.