What’s worse than working for a chief executive who makes millions of dollars a year? Working for that same millionaire CEO when you know it would take you 100 years — or more — to earn his annual salary.
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PayScale’s Putting CEO Pay in Perspective data package highlights the extreme income gap between top officers at some companies and their typical employees.
Significantly, this report looks at the typical median pay, meaning that half the people working at the company earn more than this number, while half earn less. In other words, we’re not comparing the richest person at the company with the poorest; we’re comparing the highest-earning worker at the company with median-earner.
It’s also important to note that total cash compensation takes into account bonuses and profit sharing, but not stock, cash value of retirement benefits, or other non-cash benefits like healthcare.
These are the five companies had the highest CEO-to-worker pay ratios:
CEO: Larry J. Merlo
CEO Total Cash Compensation: $12,112,603
Typical Worker Pay: $28,700
CEO: Richard J. Kramer
CEO Total Cash Compensation: $15,086,645
Typical Worker Pay: $46,700
CEO: Robert A. Iger
CEO Total Cash Compensation: $17,038,538
Typical Worker Pay: $60,300
4. Twenty-First Century Fox (FOXA)
CEO: K. Rupert Murdoch
CEO Total Cash Compensation: $20,899,150
Typical Worker Pay: $77,900
CEO: David M. Cote
CEO Total Cash Compensation: $16,560,958
Typical Worker Pay: $78,400
See more CEO-to-worker pay ratios in our infographic, below:
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