It takes the average S&P 500 CEO just over a day to make what production and non-supervisory workers earn, on average, in an entire year, according to the AFL-CIO’s newly-released Executive PayWatch.
CEO’s took home, on average, $12.4 million in 2015, according to the AFL-CIO’s analysis. In contrast, the average worker earned only $36,900 in 2015—a CEO-to-worker pay ratio of 335 to 1.
“The income inequality that exists in this country is a disgrace,” said AFL-CIO President Richard Trumka. “We must stop Wall Street CEOs from continuing to profit on the backs of working people.”
It wasn’t always this way—in 1980 the average S&P CEO made 42 times the average worker. By 1990 the number had risen to 107 times as much.
Executive PayWatch is a comprehensive searchable online database of the excessive pay of CEOs of the nation’s largest companies. The website lets you search for your company’s CEO, highlights the 100 top-paid CEOs and breaks down CEO pay data by state and by industry. The site also lists the top tax avoiding companies and their profits.
Sign a petition to tell Mondel?z CEO, Irene Rosenfeld, who made $19.7 million in 2015, to not send more than 600 good-paying union jobs at Nabisco to Mexico. Rosenfeld says she is offshoring the jobs because Nabisco workers, including Chicago-area IAM members, turned down a 60 percent cut in pay and benefits. Check the label to make sure your Nabisco products weren’t made in Mexico.
