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Memes @lemmy.ml Grayox @lemmy.ml 1 yr. ago

Jim "Scumbag" Farley

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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!

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