Here’s a timely riddle, given the United Auto Workers’ strike against the Big Three U.S. automakers: How long would it t
against the Big Three U.S. automakers: How long would it take for average workers to earn what their chief executives earn in one year?," Sen. Bernie Sanders, I-Vt., told host Jake Tapper it was a"fact that CEOs are now making 400 times more than their average worker."
Using one widely cited measure, Sanders is on the right track. One caveat: Experts say analyses of CEO pay are difficult because of the nonsalary compensation top executives typically receive, such as stock awards. And data from the AFL-CIO, a federation of independent trade unions, shows a smaller, though still significant, discrepancy.The figure Sanders cited is nearly identical to a statistic from the, a Washington, D.C., liberal think tank.
In the institute’s most recent report, from 2021, the compensation ratio was 399-to-1. The institute looked at the 350 largest publicly owned U.S. companies by revenue, which includes two of the Big Three automakers, General Motors Co. and Ford Motor Co. The third of the Big Three, Stellantis N.V., a Netherlands corporation formed through a 2021 merger with Fiat Chrysler, was not in this group.
To calculate this statistic, the institute uses the compensation that executives receive during a fiscal year, including salary, bonuses and incentives. For workers, the calculation uses median pay, or the figure at which half the salaries are higher and half are lower. Publicly traded companies must disclose the pay ratio between chief executive officers and median employees in annual reports filed with the Securities and Exchange Commission.
The 2021 figure marks an increase from 2020, when the ratio was 366-to-1. And both 2020 and 2021 had a ratio markedly higher than ones from decades ago. By the institute’s calculations, the CEO-to-worker pay ratio was 20-to-1 in 1965 and 59-to-1 in 1989.The AFL-CIO used data from the S&P 500, a broad index of 500 large U.S. publicly traded companies, and found the CEO-to-average worker pay ratio was 324-to-1 in 2021 and 272-to-1 in 2022.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Sanders Sends Message to Big Three CEOs: 'Time for You to End Your Greed''The CEOs of General Motors, Ford, and Stellantis and their major stockholders on Wall Street have got to understand: they cannot have it all,' said Sen. Bernie Sanders. 'We refuse to live in an oligarchy.'
Consulte Mais informação »
Russia loses over 400 artillery systems in 2 weeks: UkraineRussia has lost a total of 6,137 artillery systems since the beginning of all-out war in Ukraine last February, Ukraine's military said on Thursday.
Consulte Mais informação »
Last chance to see comet Nishimura before it vanishes for 400 yearsThe comet Nishimura is heading away from the sun and on to the outer reaches of the solar system, so you'll need to be quick if you want to catch a glimpse
Consulte Mais informação »
Palace of Versailles marks 400 years with a royal visitCharles’ visit will make one more date in the Palace’s long history starting from King Louis XIII, to the French revolution and all the way to modern times that is being presented on it…
Consulte Mais informação »
Russia's S-400 air defense systems are being cut to shredsRussia's S-400 is broadly comparable to the U.S. Patriot system operating in Ukraine.
Consulte Mais informação »
Studio CEOs Attend Latest Writers Guild Bargaining Session'This is so long in coming; everyone’s feeling pain. Let’s get in there and nail things down,' says one source familiar with Wednesday's meeting attended by Bob Iger, David Zaslav, Ted Sarandos and Donna Langley.
Consulte Mais informação »