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JPMorgan Chase CEO Jamie Dimon attends a policy forum with U.S. President Donald Trump in the State Dining Room at the White House February 3, 2017 in Washington, D.C. (Photo: Chip Somodevilla/Getty Images)

As Workers' Wages Continue to Fall Under Trump, Analysis Shows CEO Pay Is Way Higher Than Typically Reported

"The data is out: CEOs are cashing in their huge benefits from the [Trump tax cuts], meanwhile workers' wages are declining and Americans are struggling to afford rising healthcare premiums."

Jake Johnson

As wages for most American workers continue to steadily decline following the passage of President Donald Trump's massive corporate tax cuts at the end of last year, a new analysis of federal data by Axios found that the pay of some of America's top CEOs is often even higher than the astronomical numbers that typically appear in the headlines.

"The CEOs running S&P 500 companies cumulatively took home $10 billion in 2017, an amount that is 44 percent higher than what is usually reported," notes Axios's Bob Herman. "The big reason: CEOs cashing in their stock."

Annual Securities and Exchange Commission (SEC) filings, adds Herman, "bury the fact that many of America's top executives are sometimes paid even more than what headlines suggest, due almost entirely to the huge gains they reap from the stock market. Meanwhile, worker wages are stagnant, the average household is living on $59,000 a year, and income inequality has become one of the most visible political rallying cries."

One striking example of a CEO who took home a lot more money in 2017 than news stories suggested was Jamie Dimon, chief executive at the Wall Street mega-bank JPMorgan Chase.

In total, "nine CEOs made more than $100 million last year under our calculations, compared with just two CEOs under standard rules," Axios notes. "CEOs in the tech, finance, and healthcare industries often made a lot more in real dollars than what was normally reported."

"The data is out: CEOs are cashing in their huge benefits from the [Trump tax cuts], meanwhile workers' wages are declining and Americans are struggling to afford rising healthcare premiums," wrote the advocacy group Tax March in response to the new analysis.

Between the first and second quarters of 2018—as executives and major corporations cashed in with record stock buybucks—real wages declined by 1.8 percent, as Bloomberg showed in a chart that quickly went viral.


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80+ US Prosecutors Vow Not to Be Part of Criminalizing Abortion Care

"Criminalizing and prosecuting individuals who seek or provide abortion care makes a mockery of justice," says a joint statement signed by 84 elected attorneys. "Prosecutors should not be part of that."

Kenny Stancil ·


Progressives Rebuke Dem Leadership as Clyburn Dismisses Death of Roe as 'Anticlimactic'

"The gap between the Democratic leadership, and younger progressives on the question of 'How Bad Is It?' is just enormous."

Julia Conley ·


In 10 Key US Senate Races, Here's How Top Candidates Responded to Roe Ruling

While Republicans unanimously welcomed the Supreme Court's rollback of half a century of reproductive rights, one Democrat said "it's just wrong that my granddaughter will have fewer freedoms than my grandmother did."

Brett Wilkins ·


Sanders Says End Filibuster to Combat 'Outrageous' Supreme Court Assault on Abortion Rights

"If Republicans can end the filibuster to install right-wing judges to overturn Roe v. Wade, Democrats can and must end the filibuster, codify Roe v. Wade, and make abortion legal and safe," said the Vermont senator.

Jake Johnson ·


Patients in Trigger-Ban States Immediately Denied Abortion Care in Post-Roe US

Some people scheduled to receive abortions were turned away within minutes of the right-wing Supreme Court's decision to strike down Roe v. Wade.

Kenny Stancil ·

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