Baku 4° C
Salaries of CEOs of US firms exceeded income of their employees by 351 times in 2020
Other countries
- 16 September, 2021
- 06:02
In 2020, CEOs of the top 350 firms in the US made $24.2 million, on average - 351 times more than a typical worker, Report informs referring to CNBC.
The Economic Policy Institute (EPI) estimates that CEO compensation has grown 1,322 percent since 1978, while typical worker compensation has risen just 18 percent.
A 2019 Institute for Policy Studies report estimates that 80 percent of S&P 500 companies pay their CEO over 100 times more than they pay their median worker.
That means it would take 100 years for the average employee at one of these companies to earn what their CEO makes in a year.
Author
Latest News
09:09
Key indicators of world commodity, stock, and currency markets (19.12.2025)
Finance09:06
Germany plans expansion of foreign intelligence powers
Other countries09:01
EU delays Mercosur signing as 25-year curse drags on
Other countries08:47
Photo
Farmers block roads in Brussels to protest EU-Mercosur free-trade deal
Other countries08:44
Trump administration imposes sanctions on two more ICC judges
Other countries08:38
US mulls role of TRIPP in context of communications in Eurasian region
Foreign policy08:32
TikTok signs deal to sell its US business
ICT08:24
Photo
Train carrying fuel for Armenia departs from Boyuk-Kasik railway station in Azerbaijan
Energy08:16