Tag: ceo to worker pay ratio
Most workers understand that the guy (and sadly, it's still usually a guy) at the top of the corporate hierarchy is going to earn more than they do -- a lot more. After all, he's the one who has to pick up the pieces if the company falls apart. In some companies, however, the difference between the CEO's salary and workers' pay isn't quite as steep.
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.
The top CEOs in the US got a 1 percent raise last year, according to disclosures from 46 companies in the Standard & and Poor's 500. The previous year, CEOs' pay jumped 15 percent.
In Switzerland, the highest paid CEOs earn only 43 times more than the average worker. This ratio, while tiny compared to CEO-to-worker pay in the U.S., has so enraged the Swiss that they're considering putting a cap on CEOs' salaries.