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A Windfall for ICE, What Smartphones Do to Kids, Widening Pay Gap: Catch up on the Day’s Stories
UNITED STATES, JUL 23 – CEOs at top U.S. public companies earned an average of $18.9 million in 2024, 285 times the median worker's $66,000 salary, driven by stock awards and bonuses, AFL-CIO reports.
- On Wednesday, the AFL-CIO released its Executive Paywatch report, revealing CEOs earned $18.9 million versus $49,500 for workers, implying employees would need to start in 1740 to match.
- According to proxy disclosures, S&P 500 CEOs' packages require work since 1755 to match one year's pay, driven by stock incentives and bonuses.
- The AFL-CIO report found CEOs will get nearly $490,000 in tax cuts while typical workers receive a $765 break and just a 3% raise, underscoring fiscal imbalance.
- Noting the jump from 268-to-1 last year, AFL-CIO President Liz Shuler called the gap a `moral failing` and the report urges say-on-pay votes and clawbacks.
- Notably, 2025 Paywatch data highlights outliers like Broadcom's Hock Tan at over $161 million with a 2,881-to-1 ratio, CNN Business observed profits funneled to CEOs, and More Perfect Union on X traced ratios from 21:1 in 1965 to 386:1 today.
14 Articles
14 Articles
'The System is Rigged': CEOs Made 285 Times More Than Their Workers in 2024: AFL-CIO Report
Top CEOs made 285x more than their employees last year, according to a new report from the AFL-CIO. And the staggering inequality is about to get even greater following the GOP's massive new tax cuts for the wealthy.
The typical employee would have had to start working before the Revolutionary War to match average CEO’s 2024 pay
The pay gap between America’s corporate leaders and their workers grew even larger in 2024, according to the AFL-CIO’s annual Executive Paywatch report, released Wednesday.
S&P 500 CEOs Earn 285 Times Median Worker Pay in 2024 Report
The AFL-CIO’s latest Executive Paywatch report, released on Wednesday, paints a stark picture of America’s widening income chasm, revealing that CEOs at the nation’s largest public companies earned an average of $18.9 million in 2024—285 times the median worker’s pay of $66,000. This gap, up from 272-to-1 the previous year, underscores a persistent trend where executive compensation surges amid economic pressures on rank-and-file employees. Draw…
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