Grayox@lemmy.ml to Memes@lemmy.ml · 2 years agoJim "Scumbag" Farleylemmy.mlimagemessage-square116fedilinkarrow-up11.35Karrow-down128
arrow-up11.32Karrow-down1imageJim "Scumbag" Farleylemmy.mlGrayox@lemmy.ml to Memes@lemmy.ml · 2 years agomessage-square116fedilink
minus-squarelobut@lemmy.calinkfedilinkarrow-up27arrow-down1·2 years agoCEOs need to take pay cuts. They earn too much and don’t provide enough value for their pay.
minus-squarequatschkopf34@feddit.delinkfedilinkarrow-up31·2 years agoThe rise in CEO wages is actually unbelievably ridiculous: From 1978 to 2018, CEO compensation grew by 1,007.5% (940.3% under the options-realized measure), far outstripping S&P stock market growth (706.7%) and the wage growth of very high earners (339.2%). In contrast, wages for the typical worker grew by just 11.9%.
minus-squareTbird83ii@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up27·edit-22 years agoFor context, this research paper was also pre-pandemic. On average, CEO salaries jumped about 30% since this research was released. Here is an updated article by the EPI EPI Research Also for context - on 1965, average CEO-to-worker salary ratio was 20:1, and in 1985 it was 59:1. Not it’s almost 400:1.
CEOs need to take pay cuts. They earn too much and don’t provide enough value for their pay.
The rise in CEO wages is actually unbelievably ridiculous:
From 1978 to 2018, CEO compensation grew by 1,007.5% (940.3% under the options-realized measure), far outstripping S&P stock market growth (706.7%) and the wage growth of very high earners (339.2%). In contrast, wages for the typical worker grew by just 11.9%.
For context, this research paper was also pre-pandemic.
On average, CEO salaries jumped about 30% since this research was released. Here is an updated article by the EPI EPI Research
Also for context - on 1965, average CEO-to-worker salary ratio was 20:1, and in 1985 it was 59:1.
Not it’s almost 400:1.
Thanks for the updated numbers!