The average S&P 500 CEO made 299 times more money than the median employee in 2020, according to a new analysis from the AFL-CIO.
Not only is the gulf between employee and executive pay widening, but executive compensation skyrocketed in 2020.
CEO Adam Aron holds roughly 4.2 million shares of AMC. They've helped him add more than $120 million to his fortune since the start of 2021.
CEO salaries declined through last year, but soaring stocks more than offset the drop. Workers, however, were left behind by the market rally.
Of the 100 firms in the S&P 500 with the lowest median wages, 51 boosted CEO pay by 29% on average while cutting the typical worker's pay by 2%.
Bonuses in the white-dominated finance industry have grown by more than 1,200% since 1985, while the federal minimum wage barely doubled.
Sanders and Warren want to raise taxes for companies where CEOs make at least 50 times more than their median worker.
Goldman Sachs slashed CEO David Solomon’s pay in 2020 by $US10 million, or 36%, the bank said Tuesday. The cut was due to his role in a multibillion-dollar bribery scandal involving Malaysia’s 1MDB fund. Goldman has paid more than $US7 billion in penalties to regulators. Visit Business Insider’s homepage for […]
Morgan Stanley CEO James Gorman was paid $US33 million in 2020, the bank said in a filing Friday. Gorman’s pay rose by 22%, making him the highest-paid CEO of a major US bank, Bloomberg reported. Morgan Stanley posted record earnings on the year and avoided cutting jobs, unlike its competitors. […]
Apple CEO Tim Cook’s pay package totaled $US14.7 million last year – around a 28% jump from 2019, the company disclosed in its annual proxy statement on Tuesday. Cook’s compensation included a base salary of $US3 million, $US10.7 million in performance-based pay, and nearly $US1 million in travel and security […]
Tesla CEO Elon Musk, who doesn’t take a salary from the company, has officially unlocked the first part of his $US55 billion compensation package, the company said Thursday. Tesla announced in an updated regulatory filing that its board has certified the requirements – $US20 billion in revenue and a sustained […]
Macquarie Group CEO Shemara Wikramanayake is the highest paid CEO in Australia, the first woman ever to top the AFR’s CEO pay survey. Wikramanayake earns more than $18 million dollars, followed by Goodman CEO Gregory Goodman – $12.8 million – and CSL CEO Paul Perreault – $11.7 million. Wikramanayake was […]
Executive compensation packages have gotten more complicated over time. CEOs are frequently paid in stock shares or options that only vest if certain market or financial goals are met. To figure out an estimate of the fair present value of such plans, companies and executive compensation consultants often use what’s […]
Discovery CEO David Zaslav earned $US129 million in 2018 and Disney CEO Bob Iger earned $US65 million. Abigail Disney, the granddaughter of Disney cofounder Roy O. Disney, said in a Twitter thread on Sunday, “by any objective measure a pay ratio over a thousand is insane” in regards to Iger. […]
Former Goldman Sachs executive Harvey Schwartz is said to turn down opportunity to take on Wells Fargo CEO role. It counters previous reports that the ex-president at the bank had interviewed for the role. Schwartz missed out on replacing Lloyd Blankfein as Goldman CEO to David Solomon a year ago. […]
An analysis of top CEO pay by The Wall Street Journal found that the typical S&P 500 CEO earned over $US1 million a month last year. That works out to about 256 times the typical full-time American worker’s monthly paycheck. Median monthly pay varies across the US, with the typical […]
Ford CEO Jim Hackett’s compensation rose 6% to $US17.75 million, from $US16.7 million in 2017, despite the company’s difficult 2018 results which saw profits drop by more than 50%. The automaker struggled in Europe and Asia last year as it attempts to complete a major overhaul of its strategy. In […]