“We’re fed up with falling behind,” declared Shawn Fain, the boss of America’s United Auto Workers (UAW), last month after the union began a campaign of intermittent strikes at Ford, General Motors (GM) and Stellantis, America’s “big three” carmakers. A month in and the two sides are still at loggerheads. Jim Farley, Ford’s chief executive,… Continue reading Are America’s CEOs overpaid?
Tag: CEO Pay Ratio
Auto CEOs Make 300 Times What Workers Make. How That Stacks Up.
United Auto Workers President Shawn Fain has criticized the Big Three automakers for the raises given to their CEOs in the past few years, saying wage gains for rank-and-file employees haven’t kept pace. By one measure—the ratio of the CEO’s pay to the median worker’s—automakers have a wider pay gap than most large companies. And… Continue reading Auto CEOs Make 300 Times What Workers Make. How That Stacks Up.
Walmart CEO Makes 900 Times More Than Its Workers
The debate over CEO pay is decades long. Boards believe their chief executive officers have skills that cannot be replaced. Shareholders and workers believe that annual compensation, which can go into the tens or hundreds of millions of dollars, can never be justified, mainly if the company’s workers are paid very little. …Based on 2022… Continue reading Walmart CEO Makes 900 Times More Than Its Workers
McDonald’s CEO Makes 1,200 Times Workers
The debate over CEO pay is decades long. Boards believe their chief executive officers have skills that cannot be replaced. Shareholders and workers believe that annual compensation, which can go into the tens or hundreds of millions of dollars, can never be justified, mainly if the company’s workers are paid very little. …Based on 2022… Continue reading McDonald’s CEO Makes 1,200 Times Workers
This CEO Makes 3,000 Times More Than His Workers
The debate over CEO pay is decades long. Boards believe their chief executive officers have skills that cannot be replaced. Shareholders and workers believe that annual compensation, which can go into the tens or hundreds of millions of dollars, can never be justified, mainly if the company’s workers are paid very little. …Based on 2022… Continue reading This CEO Makes 3,000 Times More Than His Workers
This CEO Made Almost 2,000 Times More Than His Employees
CEO pay has been described as obscenely high by investors, worker activists, and the press. How, these groups ask, can one person be worth millions or even tens of millions of dollars in compensation each year? Asked another way, how can one person be paid so much more than company employees? For example, Aptiv Plc… Continue reading This CEO Made Almost 2,000 Times More Than His Employees
McDonald’s CEO Made 1,100 Times What His Workers Did
The U.S. Securities and Exchange Commission has long required public corporations to disclose the compensation of their top officers. The debate about whether chief executive officers are paid too much has gone on for decades. Many investors object to high CEO pay, which often runs into the tens of millions of dollars. Boards of directors claim that good CEOs are hard to find and that they have responsibilities for tens of thousands or even hundreds of thousands of workers.
Last year, the CEO of McDonald’s, Christopher Kempczinski, made 1,189 times the median compensation of his workers, according to an exclusive analysis of the pay of 294 public company CEOs done by MyLogIQ, which uses artificial intelligence and machine learning to examine SEC data. Kempczinski’s total pay was $10,847,032 in 2020. The company’s proxy stated, “McDonald’s is committed to a strong pay-for-performance culture that closely aligns the interests of executives with those of shareholders.”
12 Dow 30 Companies With Above-Average Salaries
Of 23 Dow 30 companies whose payrolls were analyzed by MyLogIQ and curated by the Wall Street Journal, 15 posted median incomes above the $57,617 median U.S. income reported by the U.S. Census Bureau in 2016. Twelve reported figures that place their employees in the nation’s “upper income” bracket, according to a range defined by Pew Research Center.