Exec makes 1,795 times more than worker

May 1, 2013: A report published yesterday indicates that some corporate CEOs are paying themselves so much that they violate U.S. law. Former J.C. Penney CEO Ron Johnson bagged 1,795 times more than fashion jewelry saleswoman Rebecca Gonzalez in 2011.

The AFL-CIO report on corporate greed cites a Bloomberg News article which notes that corporate execs on average now make 204 times as much as their workers.

The United States leads the world in this corporate greed index, as indicated by this chart.

Read More:

CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law

J.C. Penny CEO Compensation 1,795 Times What Former Fashion Jewelry Saleswoman Made

 

Get Advice Join TDU Donate

Recent News

Hoffa Announces Retirement, Taps Steve Vairma to Head Successor Slate

James P. Hoffa announced today that he will not be seeking re-election in the 2021, in a memo to Teamster officers, locals and staff.

Just hours later, Steve Vairma announced his candidacy for Teamster President. Vairma is the Secretary Treasurer of Denver Local 455, the President of Joint Council 3, an IBT vice president and the director of the IBT Warehouse Division. 

Hoffa Announces His Retirement

James P. Hoffa announced today that he will not be seeking re-election in the 2021, in a memo to Teamster officers, locals and staff, and will retire at the end of his current term.

View More News Posts