Income inequality is a growing problem in the United States. In cities across the country, the rich are getting richer while the poor are getting poorer. Perhaps nowhere is the problem more apparent than in the corporate world. In some of the largest and most recognizable global companies, chief executives earn in less than an hour…
The typical employee of The Gap, Inc., the company behind Old Navy, Banana Republic, and Gap clothing brands, earns just under $6,000 a year. Arthur Peck, the company’s CEO, earns as much in about a half hour. While most Gap employees are compensated primarily through wages and salaries, Peck is an exception. Only $1.5 million…
13 S&P 500 CEOs Belong to the Thousand Times Plus Club – Our CompanyIQ® review of the 325 proxy statements filed by S&P 500 companies as of April 10, 2019 indicates that 13 CEOs made more than 1,000 times their employees’ median annual salary in 2018.
As U.S. companies disclose what they pay typical workers, one thing is clear: A lot can change in a year. Jefferies Financial Group Inc. almost tripled what it paid its median employee last year. Median pay rose by nearly 60% at Macy’s Inc. and by almost a quarter at biotech Celgene Corp. It fell by two-thirds at Coca-Cola Co. and by more than a quarter at…
MyLogIQ reviewed the publicly traded companies in eight states that have disclosed CEO pay ratios in their 2019 annual proxy reports filed with the SEC through March 31, 2019 and in their 2018 annual proxy reports filed with the SEC. Colorado – 76 Connecticut – 104 Florida – 232 Michigan – 190 Missouri – 163…
Starbucks’ 1049 to 1 Highest So Far in 2018 – In the second year of public company disclosures about CEO pay ratios and median employee salaries Starbucks (NASDAQ: SBUX) had the highest CEO pay ratio of a Washington company for 2018 as of March 31, 2019. Or in other words, it would take an average…
H&R Block’s 879 to 1 Highest in Missouri So Far in 2018 – At 879, in the second year of public company disclosures about CEO pay ratios and median employee salaries, H&R Block (NYSE: HRB) had the highest CEO pay ratio of a Missouri company for 2018 as of March 31, 2019. Put another way,…
Lear’s 987 to 1 Highest in 2018 So Far – In the second year of public company disclosures about CEO pay ratios and median employee salaries, Lear Corporation (NYSE: LEA) had the highest CEO pay ratio of a Michigan company for 2018 as of March 31, 2019. Put another way, it would take an average…
Jabil’s 2238 to 1 Highest in 2018 So Far – In the second year of public company disclosures about CEO pay ratios and median employee salaries Jabil Inc (NYSE: JBL) had the highest CEO pay ratio of a Florida company for 2018 as of March 31, 2019. Put another way, it would take an average…
Stanley Black & Decker’s 284 to 1 Highest So Far in 2018 – At 248, in the second year of public company disclosures about CEO pay ratios and median employee salaries, Stanley Black & Decker (NYSE: SWK) had the highest CEO pay ratio of a Connecticut company for 2018 as of March 31, 2019. Put…