From fiery speeches on union picket lines to pointed shareholder resolutions, criticism of CEO pay packages has taken on new urgency in 2023, even as the gap between the salaries at the top and bottom of the corporate ladder has continued to grow. How outlandish have CEO salaries gotten? Can they ever be reined in?
Thanks to an SEC rule first implemented in 2017, public companies in the U.S. are required to submit information about the ratio between their CEO’s salary and the median salary of their workers. But these numbers are often buried deep in their financial filings, so Fast Company is making it easy to compare CEO-to-worker pay here in our first-ever CEO Fair Pay Report.
To compile and understand the data, we partnered with MyLogIQ, an SEC compliance and disclosure intelligence company, to create a searchable database of 2022 pay information for the companies in the Russell 3000 Index, which includes the largest 3,000 corporations in the U.S. More than 2,000 of these publicly-traded companies have filed their paperwork with the SEC so far this year, and you can look them up in the database below.
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