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'Corporate Greed at Its Ugliest': These 100 Companies Pay CEOs Over 600x What the Workers Get
"At a time when many American workers are struggling with high costs for groceries and housing, the nation's largest low-wage employers are fixated on making their overpaid CEOs even richer," said the author of a new report.
Aug 21, 2025
Detailing the widening gap between outrageously high CEO compensation and the median wages of employees at some of the world's largest and most profitable companies, a progressive think tank on Thursday warned executives will continue to enrich themselves at the expense of their lowest-paid workers unless policies are adopted to curb such corporate greed.
"Across the political spectrum, Americans are fed up with overpaid CEOs," said Sarah Anderson, program director at the Institute for Policy Studies (IPS) and author of a new report out Thursday. "Policymakers should take long overdue action to push Corporate America in a more equitable direction."
The report, Executive Excess 2025, finds that absent federal policies forcing corporations to rein in their spending on stock buybacks and exorbitant CEO pay packages, the average CEO-to-worker pay gap widened by 12.9% last year at what IPS calls the "Low-Wage 100"—the 100 S&P 500 companies with the lowest median worker pay.
The average gap between executive and worker pay now stands at 632-to-1 at these firms, up from 560-to-1 in 2023.
Between 2019-24, the average CEO at a Low-Wage 100 company saw their pay rise 34.7%, unadjusted for inflation, while the average median worker pay rose just 16.3%.
CEO compensation increased by 22.6% over the time period, far outpacing inflation. Meanwhile, wage hikes by these same companies didn't even match inflation, including for warehouse workers at software company Aptiv, where the CEO-to-worker pay gap was 2,072-to-1 last year, or cashiers at Ross Stores, where the gap was 1,770-to-1.
"We can curb this runaway source of inequality by taxing corporate greed."
Aptiv CEO Kevin Clark was paid $18.8 million last year while the median worker at the firm made just $9,052. Ross Stores' pay ratio was similar, with CEO Barbara Rentler taking home $17 million compared to the company's median worker, who made just $9,602.
Starbucks, which has made headlines in recent years both for its store employees' fight to unionize across the United States and for its executives' illegal union-busting tactics, had far-and-away the largest gap between CEO and median worker pay in 2024, with CEO Brian Niccol taking home $95.8 million and the median employee earning just $14,674.
That makes the wage gap 6,666-to-1 at the coffee chain.
A petition organized last year by Starbucks Workers United, which has unionized at hundreds of stores since a landmark victory in Buffalo, New York in 2021, warned Niccol that the cost of living across the US "is skyrocketing while you continue to make millions" and the employees "who actually make your Starbucks run can't make ends meet."
IPS said the petition reflected its report's main finding: "At a time when many American workers are struggling with high costs for groceries and housing, the nation's largest low-wage employers are fixated on making their overpaid CEOs even richer."
Contributing to the growing wage gap at the Low-Wage 100 is the companies' focus on stock buybacks, in which firms buy back their own shares to "artificially inflate executive stock-based pay and siphon resources out of worker wages and productive long-term investments."
The 100 companies spent $644 billion on stock buybacks from 2019-24, according to IPS, with home improvement giant Lowe's ranking as the "stock buy back leader," spending $46.6 billion buying its own shares over the past six years.
"That sum could've instead covered the cost of giving each of the firm's 273,000 global employees an annual $28,456 bonus for six years," reads the report. "In 2024, Lowe's CEO Marvin Ellison enjoyed total compensation of $20.2 million, which is 659 times the retailer's $30,606 median annual worker pay."
Anderson said the report highlights "how America's largest low-wage employers are funneling profits into their CEOs' pockets—at the expense of both their workers and their companies' long-term growth."
IPS pointed to "three particularly promising areas for CEO pay policy reform," including:
- Subjecting corporations to higher tax levies if they have excessive levels of CEO pay;
- Taxing and restricting stock buybacks; and
- Using federal contracts and subsidies to discourage wide corporate pay gaps.
Congress should pass the Curtailing Executive Overcompensation (CEO) Act, which would apply an excise tax to companies with CEO-to-worker pay ratios exceeding 50-to-1, or the Tax Excessive CEO Pay Act, said the group.
"A May 2024 survey suggests that such taxes would be enormously popular," reads the report. "Overall, 80% of likely voters favor a tax hike on corporations that pay their CEOs over 50 or more times more than what they pay their median employees. Large majorities in every political group support this approach: some 89% of Democrats, 77% of independents, and 71% of Republicans. In swing states, 83% of likely voters give this proposal a thumbs up."
Other legislation, the Stock Buyback Accountability Act, would quadruple the 1% federal excise tax currently in effect for stock buybacks, and would have raised $6.3 billion from the Low-Wage 100 if it had been in effect in 2023 and 2024—enough to cover the cost of 327,218 public housing units each year for two years.
"We can curb this runaway source of inequality," said IPS, "by taxing corporate greed."
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'We Will Organize Those People,' Anti-Poverty Crusader William Barber Says of Millions Set to Lose Medicaid
"They will not kill us and our communities without a fight."
Jul 02, 2025
Armed with 51 caskets and a new federal analysis, faith leaders and people who would be directly impacted by U.S. President Donald Trump's so-called Big Beautiful Bill got arrested protesting in Washington, D.C. this week and pledged to organize the millions of Americans set to lose their health insurance under the package.
Citing Capitol Police, The Hill reported Monday that "a total of 38 protestors were arrested, including 24 detained at the intersection of First and East Capitol streets northeast and another 14 arrested in the Capitol Rotunda. Those taken into custody were charged with crowding, obstructing, and incommoding."
The "Moral Monday" action was organized because of the "dangerous and deadly cuts" in the budget reconciliation package, which U.S. Senate Republicans—with help from Vice President JD Vance—sent to the House of Representatives Tuesday and which the lower chamber took up for consideration Wednesday.
According to the nonpartisan Congressional Budget Office (CBO), the megabill would result in an estimated 17 million Americans becoming uninsured over the next decade: 11.8 million due to the Medicaid cuts, 4.2 million people due to expiring Affordable Care Act tax credits, and another 1 million due to other policies.
"This is policy violence. This is policy murder," Bishop William Barber said at Monday's action, which began outside the U.S. Supreme Court followed by a march to the Capitol. "That's why we brought these caskets today—because in the first year of this bill, as it is, the estimates are that 51,000 people will die."
"If you know that, and still pass it, that's not a mistake," added Barber, noting that Sen. Thom Tillis (R-N.C.)—one of three Republican senators who ultimately opposed the bill—had said before the vote that his party was making a mistake on healthcare.
Moral Mondays originated in Tillis' state a dozen years ago, to protest North Carolina Republicans' state-level policymaking, led by Barber, who is not only a bishop but also president of the organization Repairers of the Breach and co-chair of the Poor People's Campaign: A National Call for Moral Revival.
This past Monday, Barber vowed that if federal lawmakers kick millions of Americans off their healthcare with this megabill, "we will organize those people," according to Sarah Anderson of the Institute for Policy Studies (IPS).
In partnership with IPS and the Economic Policy Institute, Repairers of the Breach on Monday published The High Moral Stakes of Budget Reconciliation fact sheet, which examines the version of the budget bill previously passed by the House. The document highlights cuts to health coverage, funding for rural hospitals, and the Supplemental Nutrition Assistance Program (SNAP).
The fact sheet also points out that while slashing programs for the poor, the bill would give tax breaks to wealthy individuals and corporations, plus billions of dollars to the Pentagon and Trump's mass deportation effort.
"Instead of inflicting policy violence on the most vulnerable, Congress should harness America's abundant wealth to create a moral economy that works for all of us," the publication asserts. "By fairly taxing the wealthy and big corporations, reducing our bloated military budget, and demilitarizing immigration policy, we could free up more than enough public funds to ensure we can all survive and thrive."
"As our country approaches its 250th anniversary," it concludes, "we have no excuse for not investing our national resources in ways that reflect our Constitutional values: to establish justice, domestic tranquility, real security, and the general welfare for all."
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Pentagon and Immigration Spending in GOP Bill Could Instead Protect Medicaid Coverage
"Stealing money away from life-sustaining programs to fund war, weapons, and death should be an immediate nonstarter for every member of Congress," said one advocate and author of a new report.
May 23, 2025
With the House GOP's Medicaid-slashing reconciliation bill now headed to the Republican-controlled Senate, a trio of groups on Thursday highlighted that the tens of billions the reconciliation legislation allocates for the Pentagon and the Trump administration's immigration crackdown efforts could instead be used to protect and expand health insurance access for millions.
House Republicans' reconciliation bill includes $163 billion for the Pentagon and for mass deportation and border-related expenses that U.S. President Donald Trump has requested be allocated in fiscal year 2026. Those dollars could instead go toward providing 31 million adults with Medicaid, or providing 71 million people with Supplemental Nutrition Assistance Program (SNAP) benefits, according to a report titled Trading Life for Death: What the Reconciliation Bill Puts at Stake in Your State.
The report is a joint publication from the progressive watchdog Public Citizen, the progressive policy research organization the Institute for Policy Studies (IPS), and the National Priorities Project (NPP), which is a federal budget research organization and a project of IPS.
In a statement on Thursday, Lindsay Koshgarian, program director at NPP and one of the authors of the report, framed the reconciliation package as a "direct redistribution of resources from struggling Americans to the Pentagon and militarization."
The reconciliation bill, which passed 215-214 in the House of Representatives on Thursday, includes tax cuts tilted toward the wealthy that would add $3.8 trillion to the national debt, a roll back in clean energy tax credits, sweeping cuts to Medicaid and SNAP to the tune of nearly $1 trillion, and an increase in the maximum payment available through the child tax credit until 2028—though the bill is designed so that it would block an estimated 4.5 million children from accessing the credit, according to the Center for Migration Studies.
Under the legislation, an estimated 8.6 million people would lose Medicaid coverage over the next 10 years, according to a May 11 analysis from the nonpartisan Congressional Budget Office. The Center on Budget and Policy Priorities estimates that 11 million people would be at risk of losing at least some of their food assistance under the changes to SNAP.
Millions more could lose their healthcare due to Obamacare decisions/provisions.
Per the report, the militarized spending increases for 2026 would more than enough to fund Medicaid for the millions who are at risk of losing their health insurance under the bill, and the millions at risk of losing their SNAP benefits.
In addition to highlighting that the bill includes a huge cash injection for the U.S. Department of Defense, the report argues the Pentagon does not need more money. "The United States is already the world's largest military spender, allocating more taxpayer dollars to the Pentagon than the next nine countries combined," according to the report, which also notes that the department has never passed an audit.
The three groups also quantify the tradeoffs between defense spending and healthcare at a more granular level.
For example, the bill includes a $25 billion initial investment in Trump's "Golden Dome" project, a multilayered defense system that Trump has said will be capable of "intercepting missiles even if they are launched from other sides of the world and even if they are launched from space," according to CBS News.
In just one congressional district, Tennessee's 2nd District, taxpayer funds going toward the investment in the Golden Dome could instead be used to put 12,310 people on Medicaid, according to the report. In Texas' 21st District, taxpayers' funds redirected to support the Golden Dome could provide Medicaid to 13,589 people.
"If implemented, this budget would rip the rug out from under everyday Americans relying on Medicaid and SNAP to survive, just to further enrich Pentagon contractors," said Savannah Wooten, People Over Pentagon advocate at Public Citizen and report co-author, in a statement on Thursday. "Stealing money away from life-sustaining programs to fund war, weapons, and death should be an immediate nonstarter for every member of Congress."
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