Salaries of CEOs of US firms exceeded income of their employees by 351 times in 2020

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.