Study Says US CEOs Earn 278 Times More Than Their Workers
The top executives at large US companies are paid 278 times more than their company's workers and the gap continues to widen, according to a study.
Average CEO compensation at the 350 largest US firms in 2018 was $17.2 million a year, including stock options, which generally account for two-thirds of their pay packages, according to a study by the Economic Policy Institute.The gap between CEO and workers has soared from 58-to-1 in 1989 and 20-to-1 in 1965, according to EPI, a nonpartisan think tank that focuses on issues facing low- and middle-income workers.
From 1978 to 2018, CEO compensation has increased by more than 1,000 percent with increasingly rich stock awards while worker pay has risen just under 12 percent.
"This escalation of CEO compensation, and of executive compens...