Home WebMail Friday, November 1, 2024, 11:23 AM | Calgary | -4.5°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Posted: 2016-07-12T17:43:34Z | Updated: 2016-07-12T17:43:34Z

Chief executives certainly have demanding jobs requiring long hours, boorish appearances on CNBC and earnest declarations of their social commitment but are these positions 276 times as hard as yours?

In 2015, the average chief executive at the largest corporations in the U.S. earned 276 times what a typical worker made about $15 million, a new paper from the Economic Policy Institute reports.

The number actually fell a bit from 2014 when CEOs on average made around $16 million because of declines in the stock market. Still the ratio of CEO pay to normal person pay remains so high its almost kind of funny except for how that money could be put to more productive uses.

The ratio was 59-1 in 1989, then surged in the 1990s to 376 before the dot com crash. Right before the financial crisis in 2007 it was 345-1.