U.S. CEO-to-worker pay ratio rose to 299:1 last year -union

[turbinetree]

July 14, 2021
2:42 PM EDT
Last Updated 16 hours ago

Ross Kerber

July 14 (Reuters) - The average S&P 500 .SPX chief executive made $15.5 million last year, 299 times the pay of the median worker and a higher ratio than in 2019, the top American labor union said on Wednesday, as the COVID-19 pandemic drove layoffs while executive compensation grew.

The ratio was 264-to-1 in 2019.

“Working people bore the brunt of COVID-19 and its impact on the U.S. economy," said Liz Shuler, Secretary-Treasurer of the AFL-CIO, the largest U.S. labor federation.

https://www.reuters.com/business/us-ceo-to-worker-pay-ratio-rose-2991-last-year-union-2021-07-14/

[Ohio Joe]

1. K & R - nt

[doc03]

2. Chapoltle posts a sign they have to raise prices

because of minimum wage increase and their CEO gets paid $68 million.

[AllaN01Bear]

3. i thought that was supposed to stop.

what does a ceo do anyway?