Radio Free never accepts money from corporations, governments or billionaires – keeping the focus on supporting independent media for people, not profits. Since 2010, Radio Free has supported the work of thousands of independent journalists, learn more about how your donation helps improve journalism for everyone.

Make a monthly donation of any amount to support independent media.





CEO Pay Skyrocketed at Corporations While Their Low-Wage Workers Suffered in the Pandemic

During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks.

A new Institute for Policy Studies report finds that 51 of the country’s 100 largest low-wage employers moved bonus goalposts or made other rule changes in 2020 to give their CEOs 29 percent average raises while their frontline employees made 2 percent less.

“It’s time for public policy to shift corporate America away from a business model that creates obscene wealth for a few at the top and economic insecurity for so many of the rest of us.”

Among these 51 rule-rigging companies, average CEO compensation was $15.3 million in 2020, while median worker pay was $28,187 on average. The average CEO- worker pay ratio: 830 to 1.

Print
Print Share Comment Cite Upload Translate Updates

Leave a Reply

APA

Common Dreams | Radio Free (2021-05-11T13:31:43+00:00) CEO Pay Skyrocketed at Corporations While Their Low-Wage Workers Suffered in the Pandemic. Retrieved from https://www.radiofree.org/2021/05/11/ceo-pay-skyrocketed-at-corporations-while-their-low-wage-workers-suffered-in-the-pandemic/

MLA
" » CEO Pay Skyrocketed at Corporations While Their Low-Wage Workers Suffered in the Pandemic." Common Dreams | Radio Free - Tuesday May 11, 2021, https://www.radiofree.org/2021/05/11/ceo-pay-skyrocketed-at-corporations-while-their-low-wage-workers-suffered-in-the-pandemic/
HARVARD
Common Dreams | Radio Free Tuesday May 11, 2021 » CEO Pay Skyrocketed at Corporations While Their Low-Wage Workers Suffered in the Pandemic., viewed ,<https://www.radiofree.org/2021/05/11/ceo-pay-skyrocketed-at-corporations-while-their-low-wage-workers-suffered-in-the-pandemic/>
VANCOUVER
Common Dreams | Radio Free - » CEO Pay Skyrocketed at Corporations While Their Low-Wage Workers Suffered in the Pandemic. [Internet]. [Accessed ]. Available from: https://www.radiofree.org/2021/05/11/ceo-pay-skyrocketed-at-corporations-while-their-low-wage-workers-suffered-in-the-pandemic/
CHICAGO
" » CEO Pay Skyrocketed at Corporations While Their Low-Wage Workers Suffered in the Pandemic." Common Dreams | Radio Free - Accessed . https://www.radiofree.org/2021/05/11/ceo-pay-skyrocketed-at-corporations-while-their-low-wage-workers-suffered-in-the-pandemic/
IEEE
" » CEO Pay Skyrocketed at Corporations While Their Low-Wage Workers Suffered in the Pandemic." Common Dreams | Radio Free [Online]. Available: https://www.radiofree.org/2021/05/11/ceo-pay-skyrocketed-at-corporations-while-their-low-wage-workers-suffered-in-the-pandemic/. [Accessed: ]
rf:citation
» CEO Pay Skyrocketed at Corporations While Their Low-Wage Workers Suffered in the Pandemic | Common Dreams | Radio Free | https://www.radiofree.org/2021/05/11/ceo-pay-skyrocketed-at-corporations-while-their-low-wage-workers-suffered-in-the-pandemic/ |

Please log in to upload a file.




There are no updates yet.
Click the Upload button above to add an update.

You must be logged in to translate posts. Please log in or register.