Coronavirus Latest News

US millionaire CEOs saw 29% pay raise while workers’ pay decreased – report

Workers saw 2% decrease as companies gave leaders bonuses and forgiving performance benchmarks amid pandemic

The millionaire CEOs of some of the American companies with the lowest-paid workers saw an average pay raise of 29% in 2020 while their workers saw a 2% decrease, according to a report released Tuesday.

The Institute for Policy Studies calculated that the average CEO compensation in 2020 was $15.3m when looking at the 100 companies with the lowest median wage for workers in the S&P 500 index.

Continue reading…

Read the original article at The Guardian

Related Articles

Back to top button