In 2016, the average total compensation for S&P 500 company CEOs was $13.1 million, according to the latest Executive Paywatch report by the AFL-CIO. In contrast, production and nonsupervisory workers earned only $37,632, on average, in 2016—a CEO-to-worker pay ratio of 347 to 1.
CEO pay for major companies in North Carolina continues to soar as income inequality and outsourcing of good-paying American jobs increases.
This month the AFL-CIO released this year’s edition of Executive Paywatch—the most comprehensive searchable database tracking CEO pay. Last year, CEO pay for major U.S. companies—already egregious—increased nearly 16 percent. Time for the S.E.C. to crack down!
The average CEO of a company based in North Carolina in 2013 made $4.2 million, 108 times more than the average worker and 277 times more than a worker earning minimum wages. But Reynolds CEO may take the cake for most egregious income disparity compared to the tobacco farm workers who harvest his golden crop.
