'Workers, many of whom are on the front lines of the crisis, have not been reaping the rewards' of record-breaking corporate profits, noted SarahDAnderson1 of IPS_DC.
One expert noted that"workers, many of whom are on the front lines of the crisis, have not been reaping the rewards" of record-breaking corporate profits.An analysis released Monday shows that the CEOs of some of the largest corporations in the United States made 254 times more than their median employees in 2021 as executive bonuses and stock awards grew significantly., an annual report that spotlights executive pay at leading U.S.
"A higher minimum wage and unions can put corporate greed in check and raise wages throughout the labor market."the total compensation and CEO-to-median-employee pay ratio of the 100 largest U.S. companies by revenue, a ranking that includes Apple, Microsoft, Raytheon, and Intel. "While median salary and median perks increased incrementally, the largest jumps were examined in the form of cash bonuses and stock awards," the analysis notes."The median value of stock awards increased by 22.7% in 2021, from $8.6 million to $10.5 million. Meanwhile, cash bonuses increased by 46.4% in 2021, from $2.8 million to $4.2 million."
Intel CEO Pat Gelsinger topped the Equilar 100 list with $177.9 million in total compensation in 2021 followed by Apple CEO Tim Cook, who took home $98.7 million last year—a 569% increase from 2020.
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