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ceo pay
'The System is Rigged': CEOs Made 285 Times More Than Their Workers in 2024: AFL-CIO Report
The CEO of Starbucks made 6,666 times as much as the company's median employee, all while the company crushes workers' efforts to unionize.
Jul 24, 2025
The staggering inequality between bosses and workers only continued to grow last year, according to a new report from the AFL-CIO on executive pay.
The union's latest "Executive Paywatch" report, which uses data from the Securities and Exchange Commission (SEC) to track the pay disparities between CEOs and the employees that work for them, found that the average S&P 500 executive made an eye-popping 285 times more than their median worker did, up from a 268-to-1 ratio in 2023.
CEOs received a $1.4 million raise last year, the data shows, bringing their average yearly compensation up to $18.9 million, a 7% increase. The median worker, meanwhile, made just $49,500, marking just a 3% increase from the year before.
In order to make the same amount as their boss made in a single year, the report noted that the typical employee would need to have begun working in 1740—"Before the AMERICAN REVOLUTION," the union noted on X.
By far the widest disparity was at Starbucks, where CEO Brian Niccol—who took over the company last year—brought home 6,666 times as much as his median employee.
In 2024, while the average Starbucks employee took home less than $15,000, Niccol received a compensation package, primarily made up of company stock, worth nearly $98 million.
For more than three years, Starbucks has waged what New York Times columnist Megan Stack called a "dirty war" against its employees' attempts to unionize.
The company has fired union organizers and pro-union workers, cut their hours to deny them healthcare coverage, shut down unionized stores, and subjected employees to aggressive anti-union "captive audience" meetings.
The Economic Policy Institute estimates that Starbucks has likely had more complaints of illegal union-busting filed against it than any other company in the National Labor Relations Board's 90-year history.
In response to the AFL-CIO's new report, the X account for Starbucks Workers United wrote: "When Starbucks and CEO Brian Niccol tries to tell us they can't afford fair union contracts... remember this."
Starbucks is merely the most glaring example of the inequality highlighted in the report: Coca-Cola, General Electric, Ross Stores, Yum! Brands, Chipotle, and many other flagship American companies paid their CEOs more than 1,000 times as much as their median workers.
These disparities are projected to get even larger following the passage of President Donald Trump's recent budget legislation, which guts social safety net programs like Medicaid and food stamps in order to pay for gigantic new tax breaks for corporations and the wealthiest Americans.
It has been described by some economic analysts as the "largest transfer of wealth in history."
According to a study by the University of Pennsylvania, the incomes of the top 0.1% wealthiest households will increase by more than $83,000 on average by 2033, while the incomes of the poorest 40% will decline.
"Corporate CEOs are raking in millions, and now they'll get another kickback from President Trump's tax cut gift and anti-worker agenda," said Fred Redmond, secretary-treasurer of the AFL-CIO.
The average marginal tax rate paid by these executives, the report found, will decrease by nearly $500,000 a year. In all, the CEOs in the report will be able to avoid paying an extra $738 million in income taxes thanks to the bill.
That lost tax revenue, the report found, could have paid for Medicaid healthcare coverage for more than 80,000 people, SNAP food assistance for over 300,000, or school lunches for more than 900,000 students.
The report notes that many of the CEOs and companies that are expected to profit royally from the bill gave large donations to Trump's inauguration, including Amazon's Jeff Bezos, Coinbase's Brian Armstrong, Google's Sundar Pichai, and Meta's Mark Zuckerberg.
"Is it any wonder," asked former Labor Secretary Robert Reich, "so many people think the system is rigged?"
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'Grotesque Spectacle' on May Day: CEO Pay Up 50% Since 2019 Compared to 0.9% for Workers
"This isn't a glitch in the system—it's the system working exactly as designed, funneling wealth ever upwards while millions of working people struggle to afford rent, food, and healthcare."
May 01, 2025
As people worldwide filled the streets Thursday to celebrate International Workers' Day and mobilize against attacks on the working class, a new analysis showed that average global CEO pay has surged 50% since 2019—56 times more than the pay of ordinary employees.
The Oxfam International analysis examined figures from nearly 2,000 corporations across 35 countries where CEOs were paid more than $1 million on average last year, including bonuses and stock options. Across those companies, the average pay of chief executives reached $4.3 million in 2024, up from $2.9 million just five years ago.
By contrast, average worker pay in those 35 nations rose just 0.9% between 2019 and 2024.
"Year after year, we see the same grotesque spectacle: CEO pay explodes while workers' wages barely budge," said Amitabh Behar, Oxfam's executive director. "This isn't a glitch in the system—it's the system working exactly as designed, funneling wealth ever upwards while millions of working people struggle to afford rent, food, and healthcare."
According to Oxfam, global billionaires "pocketed on average $206 billion in new wealth over the last year," or $23,500 an hour. That's more than the average annual income globally—$21,000—in 2023.
To begin redressing global economic inequality, Oxfam called for top marginal tax rates of at least 75% on the highest earners and wage increases to ensure worker pay keeps up with inflation.
"It's time to end the billionaire coup against democracy and put people and planet first."
Luc Triangle, general secretary of the International Trade Union Confederation, said in a statement that the "outrageous pay inequality between CEOs and workers confirms that we lack democracy where it is needed most: at work."
"Around the world, workers are being denied the basics of life while corporations pocket record profits, dodge taxes, and lobby to evade responsibility," Triangle added. "Workers are demanding a New Social Contract that works for them—not the billionaires undermining democracy. Fair taxation, strong public services, living wages, and a just transition are not radical demands—they are the foundation of a just society."
"It's time to end the billionaire coup against democracy and put people and planet first," he added.
In addition to spotlighting the growing chasm between CEO and worker pay, the Oxfam analysis warned that the global working class "is now facing a new threat" in the form of U.S. President Donald Trump's tariff regime. The humanitarian group argued that "these policies pose significant risks for workers worldwide, including job losses and rising costs for basic goods that would stoke extreme inequality everywhere."
"For so many workers worldwide, President Trump's reckless use of tariffs means a push from one cruel order to another: from the frying pan of destructive neoliberal trade policy to the fire of weaponized tariffs," said Behar. "These policies will not only hurt working families in the U.S., but especially harm workers trying to escape poverty in some of the world's poorest countries."
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Why Do Wealthy CEOs Love Trump? He’s Distracting From Their Own Grift
Corporate CEO paychecks continuing to go gangbusters while the corporations these execs run are—at best—just treading water.
Mar 20, 2025
Every day’s headlines now seem to bombard us with ever more outrageous Trumpian antics. Who could have possibly imagined, for instance, that a president of the United States would turn the White House lawn into a Tesla auto showroom?
But these antics actually do serve a useful social and political purpose—for President Donald Trump’s fellow deep pockets and the corporations they run. Trump’s kleptocratic arrogance and audacity have shoved the institutionalized thievery of Corporate America’s ever-grasping top execs off into the shadows.
Those shadows could hardly be more welcome. American corporate executive compensation, as the business journal Fortune has just detailed, is now “surging amid a roaring bonus rebound.”
Heads CEOs win, in other words, tails they never lose.
One example: Tyson Foods CEO Donnie King has seen his annual executive rewards leap from $13 million in 2023 to $22.7 million in 2024. To keep King smiling, Tyson’s board of directors has also extended his CEO contract into 2027 and guaranteed him “a post-employment perk that includes 75 hours of personal use of the company jet as long as he sticks around on the board.”
And what in the way of wonders has Tyson’s King been working to earn all this? Not much, concludes a new Compensation Advisory Partners analysis. Anyone who had $100 invested in Tyson shares at the end of fiscal 2019 today holds a nest egg worth just $80.54. Tyson’s most typical workers aren’t doing particularly well either. They took home $43,417 in 2024, 525 times less than the annual compensation that CEO Donnie King pocketed.
Over at Moderna, Big Pharma’s newest big kid on the corporate block, chief exec Stéphane Bancel saw his 2024 annual pay jump 16.4% over his 2023 compensation despite a 53% drop in Moderna’s annual revenue.
Back in 2022, at Covid-19’s height, Bancel personally collected over $392 million exercising stacks of the stock options he had been sitting upon. Between that year’s start and 2024’s close, Moderna shares plummeted from just under $254 each to under $42.
Moderna’s transition to our post-Covid world, the Moderna board acknowledges, has been “more complex than anticipated.” That complexity, the board apparently believes, in no way justifies denying Bancel his rightful place among Big Pharma’s top-earning CEOs. Bancel’s near $20-million 2024 payday is keeping him well within hailing distance of all his Big Pharma peers.
How can corporate CEO paychecks be continuing to go gangbusters while the corporations these execs run are—at best—just treading water? Lauren Peek, a partner at Compensation Advisory Partners and a co-author of the firm’s latest CEO pay analysis, has an explanation.
Corporate board compensation committees, Peek observes, want to keep their top execs adequately incentivized. These board panels simply cannot bear the sight of their CEOs getting down in the dumps. So what do these panels do? They exclude from their final CEO pay decisions any negative economic factors that CEOs can’t directly determine. But these same corporate panels never take into account unexpected positive economic factors that their CEOs had no hand in creating.
Heads CEOs win, in other words, tails they never lose.
Among those winners: Disney chief exec Robert Iger. His 2024 total pay jumped to $41 million, up nearly $10 million from his 2023 compensation. Disney’s total shareholder return, over that same year, didn’t even reach halfway up the total return that Disney’s peer companies recorded.
Disney hardly rates as an outlier among the 50 major publicly traded corporations that the recently released Compensation Advisory Partners report puts under the microscope. The median revenue growth of these 50 firms dropped to 1.6% in 2024, less than half their 2023 rate. Their earnings remained virtually flat as well. But their CEO compensation climbed an average 9%.
“With financial performance largely flat across these early Fortune 500 filers,” notes an HR Grapevine analysis of the Compensation Advisory Partners findings, “board-level decisions to maintain or raise executive bonuses may prompt further scrutiny from investors and stakeholders alike.”
“For ‘shop-floor’ employees,” adds the HR Grapevine, “news of CEO wage hikes despite average financial performances will undoubtedly prompt a good deal of rumination about their own levels of compensation.”
Equilar, an information services firm specializing in corporate pay, has also been busy analyzing the latest trends in CEO remuneration. Equilar’s latest look at corner-office compensation has found that median CEO pay within the corporations that make up the Equilar 500 jumped up from $12 million in 2020 to $16.5 million last year.
CEO-worker pay gaps have increased even more significantly. At the median Equilar 500 corporation, CEOs pocketed 186.5 times the pay of their most typical workers in 2020 and 306 times that pay in 2024. At America’s larger corporations—those companies sitting at the 75th percentile of the Equilar 500—CEOs made 307.5 times their typical worker pay in 2020 and last year collected 527 times more.
A key driver of this ever-widening CEO-worker pay gap? The sinking compensation going to typical corporate workers, as Equilar’s Joyce Chen concluded last week in an analysis for the Harvard Law School Forum on Corporate Governance. These median workers took home $66,321 in 2020, but just $57,299 last year.
But top execs aren’t just shortchanging workers at pay-time. They’re also pressuring those workers to squeeze and defraud clients and customers at every opportunity, as former Wells Fargo bank manager and investigator Kieran Cuadras has just vividly detailed.
Nearly a decade ago, Cuadras relates, a mammoth phony accounts scandal at Wells Fargo led to fines totaling $20 million against the bank’s then-CEO John Stumpf. But those fines, she points out, hardly made a dent in the estimated $130 million that Stumpf “walked away with in compensation when he resigned.”
Wells Fargo’s current CEO, Charles Scharf, appears to be doing his best to follow in Stumpf’s footsteps. Scharf’s gutted risk and complaint departments are cutting corners “to create the illusion of fewer complaints.” The reality: Those departments are closing complaint cases prematurely. In 2024, these and other sneaky moves helped Scharf pocket a sweet $31.2 million .
Our nation’s political leaders, says Wells Fargo employee and customer advocate Kieran Cuadras, need “to step up and do something about a CEO pay system that rewards executives with obscenely large paychecks for practices that harm workers and the broader economy.”
Where to start that stepping up? Lawmakers ought to be levying new taxes on corporations “with huge gaps between their CEO and worker pay,” Cuadras posits, and increasing an already existing tax on stock buybacks.
Moves like these, she astutely sums up, “would encourage companies to focus on long-term prosperity and stability rather than simply making wealthy executives and shareholders even richer.”
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