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Redmond: Runaway CEO pay has Created the Perfect Storm for “Greedflation
Last year, S&P 500 Index company profits grew by a record 17.6 percent. And the CEOs of those companies received, on average, $18.3 million in total compensation. That’s an 18.2 percent increase in just one year.Meanwhile, workers’ real wages fell 2.4 percent after adjusting for inflation.
8 Facts from the 2021 Executive Paywatch Report You Need to Know
Last year was a challenging one for working people. The COVID-19 pandemic put millions out of work through no fault of their own and the financial impact on working people will be felt for years to come. Unless you were a CEO of a large company. During a painstaking year of unspeakable loss and economic turmoil, AFL-CIO's 2021 Executive Paywatch report shows that the average S&P 500 CEO saw their pay increase more than $700,000 last year. The Executive Paywatch website, the most comprehensive, searchable online database that tracks CEO pay, shows that the CEO of an S&P 500 company received, on average, $15.5 million in total compensation in 2020. The average S&P 500 company CEO-to-worker pay ratio was 299-to-1.
Shuler Launches 2021 AFL-CIO Executive Paywatch
Passing the PRO Act is the single best way to reverse economic inequality and raise wages for all working people. That’s crystal clear in this year’s Paywatch, which shines a spotlight on the difference between companies in so-called “right to work” states versus those in union security states.
Executive Paywatch: 1,000-to-1 Pay Ratio CEOs Furlough Workers
AFL-CIO's Executive Paywatch report, released today, shows that the imbalance between the pay of corporate CEOs and working people persists as a problem. In particular, the report shines light on the 20 companies with pay ratio disparities higher than 1000-to-1 that furloughed workers in 2020.
12 Facts You Need to Know from the 2019 AFL-CIO Executive Paywatch Report
The AFL-CIO today released its annual Executive Paywatch report. AFL-CIO Secretary-Treasurer Liz Shuler discussed the federation’s findings during a call with reporters, highlighting the continuing pay inequity between workers and CEOs, discussing the impact of the Trump administration’s tax law on executive compensation and pointing out some of the worst offenders among major corporations.