Do CEOs really make 100 times more than employees? They do at these companies
Last year, The Walt Disney Co. Chairman and CEO Robert A. Iger took home a paycheck that was anything but Mickey Mouse. Iger's total compensation for 2018 was a breathtaking $65,645,214.
The pay of a median The Walt Disney Co. employee, on the other hand (a full-time hourly worker at a Disney theme park who has been with the company for over four years) was $46,127.
That means the ratio of Iger's total annual compensation to the median Disney employee in 2018 was 1,424 to 1. (Iger's 2018 compensation got a huge boost because, as part of Disney's acquisition of 21st Century Fox, he received restricted stock awards valued at $26,340,682. Excluding those, Iger's total 2018 compensation was $39,322,124, or 852 times the pay of a median Disney employee.)
That's still a huge number. But across the country, numerous CEOs at many of the largest and best-known U.S. companies, such as at Ford Motor Co., AT&T, and United Parcel Service, were paid 100, 200, 300, 400, 500 or 600 times or more than their company's median employee in 2018. (Check out the above gallery to see who and how much.)
That fact is now emerging because companies around the United States have recently revealed their CEOs' pay ratios for 2018. It's only the second year the pay ratios have been disclosed: The Dodd-Frank Wall Street Reform and Consumer Protection Act required U.S. public companies to begin making pay ratio disclosures in early 2018.
And while companies are making the information public, that doesn't mean it's easy to find. The CEO pay ratios are buried down in notices of annual shareholders meetings, and are unlikely to be seen by anyone not looking for them, such as compensation experts — or snoopy reporters.
https://www.bizjournals.com/seattle/news/2019/05/22/do-ceos-really-make-100-times-more-than-employees.html?ana=e_me_set1&mkt_tok=eyJpIjoiTldRM01HUmxPV1UyTkdWaCIsInQiOiJya3ZRN2F1WkRkQkt0R2xMZmlRUHJLQ2ZrUG0yMTcxZkZ6dWhFOCtRbDJNejNmVVEwY0tkU2VhM0pDbHFOdnpPM09ieENjYnNpMmVtVmlxaGQxR25uY25jMDVaRmNoWlpBTW9XUXhGeCtFNDA5V1BLNW1GVk1FcnVkSDdBUjhzTyJ9