In Ibrikrbi & Fitch and Starbucks, the CEO earned more than 6,000 times the earnings by the CEO last year.
According to the annual AFL-CIO Executive Pay Watch ReportReleased on Wednesday, in 2024, two companies with the highest salary differences between the CEO and the median workers were Abrakarbi & Fitch and Starbucks. The report was based on the filing of companies submitted to the US Securities and Exchange Commission.
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Ebrikombi and Fich took the list in the list, in which the Median Worker earned 5 2,531 in 2024. This year, the company’s CEO, was 6,731 times less than the $ 17 million compensation received by Fran Horwiots. Meanwhile, Brian Nicole, CEO of Starbucks, 50, earned $ 95.8 million in 2024, or 6,666 times more than a median worker earning $ 14,674 the same year.
Irrigation and Fitch CEO Fran Horwiots. Photo by Jeff Spicer/Getty Images
Both companies employ thousands of employees, which is why the reason for the widespread salary difference. EbrComabi hires almost Approximately 32,600 hours worker Of the 39,200 peers globally, less than the minimum wage with workers per hour .4 37.47 per hour. The star box hires 400,000 global employeesThe majority of which are on average per hour $ 19 per hour.
These salaries are beyond normal, especially when adding companies that do not have hours workers. The report said that for S&P 500 companies, the average CEO earned 285 times more than the median worker in 2024.
Overall, The highest compensation CEO Last year, Brad Jacobs was the founder and CEO of the roofing company QXO, who received more than $ 189 million. Patrick Smith of the software company Viva System and Patrick Smith of the Econ Enterprise, a technology and weapons company, added to the highest payment list, with more than 172 million and more than $ 164 million, respectively.
Brian Nicole, CEO of Star Box. Photo of Michael Raees/Getty Images
Does the CEO make a difference in proportion to payment?
The report claims that the proportion of workers ‘salaries from the top CEO, which indicates the maximum income difference, “can harm employees’ morale and productivity.” Madison Trust Company, with which an investment firm is 5.5 Billion In assets, Agree with this evaluationPointing out that the higher salary ratio can lead to a “notorious worker” and raise questions about “justice, equity and corporate surveillance”.
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Executive Paywatch reports found that an average CEO also gained $ 1.24 million last year, an increase of 2023 to 7 %, an average of $ 18.9 million. Meanwhile, a median US worker achieved a 3 % increase from 2023 to 2024, with revenue reaching $ 49,500 in 2024.
Overall, CEOs are paid better than ever. In the last decade, the average CEO’s salary has increased in S&P 500 companies million 6.5 million.
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