CEOs see pay grow 1,000% in the last 40 years, now make 278 times the average worker [CNBC]
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Source: CNBC
CEOs see pay grow 1,000% in the last 40 years, now make 278 times the average worker Top corporate executives have seen their pay grow by more than 1,000% over the past 40 years, nearly 100 times the rate of average workers, according to a study released this week. With wealth disparity continuing to accelerate, particularly since the financial crisis, the Economic Institute reports that the gap between CEOs at the top 350 U.S. firms and the rank and file remains wide. In terms of pay, benefits and the value of stock options when they are exercised, total CEO compensation growth was 1,007.5% from 1978 to 2018. That compares with a wage increase of just 11.9% for what the liberal-leaning institute terms "average workers." Using another measure of compensation, which takes into account the realized value of the options when they were granted, the CEO comp growth still stood at 940.3%. VIDEO 4:23 04:23 Citi CEO Michael Corbat defends C-suite executive pay gap Squawk on the Street Insti
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