Did you know that together, the top 15 highest paid U.S. CEOs earn over $85 billion in salary and other rewards and benefits each year?
Did you know that the top 15 CEOs each earn over $40 million per year, and the highest paid CEO in the U.S., John H. Hammergren of McKesson, earns over $131 million per year.
Imagine if those CEOs each donated one year of their earnings. Imagine if they refused those outrageous compensation packages, and instead, the companies used that money to improve employee pay for everyone else? Imagine how many more people could be hired if CEO pay went down to something even remotely reasonable.
Pay for performance is fine, but it takes more than a CEO to improve revenues each year. You wouldn’t know it by the data in the “It Pays to be the Boss” infographic from Bolt Insurance below.
If the data is accurate, the average U.S. CEO pay in 2011 was $3,247,000, which is down from a high of $3,889,000 in 2007. However, 22 years earlier, average CEO compensation was less than half of today’s average, coming in at just $1,541,000.
Via: BOLT Insurance