By Sahid Fawaz
The AFL-CIO’s Executive Paywatch reports that the average S&P 500 CEO receives compensation that is 331 times that of company employees.
If that isn’t obscene enough – remember, the CEO-worker pay ratio before the Reagan era was less than 30-to-1 – here are three CEOs that raked in over 700 times that of their workers. Notice that they are all in retail.
Douglas McMillon, Walmart
McMillon’s total compensation: $19,404,042
Average Walmart worker salary: $24,000
CEO-worker pay ratio: 789-to-1
Carol Meyrowitz, TJX Companies (owns TJ Maxx, Marshalls, and HomeGoods)
Meyrowitz’s total compensation: $17,962,000
Average TJX worker salary: $22,0000
CEO-worker pay ratio: 816-to-1
Larry Merlo, CVS
Merlo total compensation: $22,855,374
Average CVS worker salary: $27,900
CEO-worker pay ratio: 819-to-1