Pay gap between executives and employees revealed
In March 2013, Bloomberg conducted research into the pay ratios of Chief Executive Officers (CEO) to employees at the top 250 companies from Standard & Poor’s 500 Index.
The lowest executive to employee pay ratio on the list was 173:1, at Agilent technologies.
However they also found that eight companies paid their executives over 1000 times more than they pay their average worker.
Six of those companies are consumer companies, should you wish to register your opposition when shopping. There are four clothing firms (JC Penney, Abercrombie and Fitch, Nike and Ralph Lauren) and two food companies (Starbucks and Yum! – which owns brands like Taco Bell and Pizza Hut).
Here is a list of the top ten companies with the highest CEO to employee pay ratios, according to Bloomberg’s research:
JC Penney Co. 1795:1
Abercrombie & Fitch 1640:1
Simon Property 1594:1
Oracle Corp: 1287:1
CBS Corp 1111:1
Ralph Lauren 1083:1
Discovery Communications: 833:1
Yum! Brands Inc 819:1
These multiples were based on CEO pay for either the fiscal year ending in 2011 or 2012, as disclosed in the companies’ most recent filings. Because most companies don’t disclose their average workers’ pay, Bloomberg used U.S. government data on worker compensation by industry.
Full results for all 250 companies.
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