Wednesday, August 19, 2015

CEO pay

Wal-Mart CEO Doug McMillon received $19.4 million in rewards last year, while the lowest-paid workers at the retail giant earned $9 an hour. McMillon makes over 800 times more than his employees even after Wal-Mart’s minimum wage increase this year.

 Discovery Communications CEO David Zaslav received $156 million as remuneration last year, 2,282 times more than his employees -- earning average wage of $68,397.
 Chipotle Mexican Grill Inc. CEO Steve Ells also received 1,524 times more than his employees. Starbucks chairman and CEO Howard Schultz got 994 times more.
 CVS Health president and CEO Larry J. Merlo received $12.11 million, 422 times more than the average employee. 
Goodyear Tire & Rubber Company chairman, CEO and president Richard J. Kramer’s remuneration was $15.08 million, 323 times more than the average employee at the tire-maker -- $46,700.
 Walt Disney CEO Robert Iger received $17.03 million, 282 times that of his employees on average.

According to an Economic Policy Institute report last year, 50 years ago, an average American CEO received about 20 times more than the employees, but in 2013 it rose to 300 times more on average.

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