According to a report released by the US trade union federation, AFL-CIO, CEO pay continues to exceed that of workers across the country.
In the last 10 years, the salary of directors CEO in S&P 500 companies it increased by more than $540,000 a year, to an average of $18.3 million in 2021.
Meanwhile, the average American worker saw a $1,303 annual wage increase over the past decade, earning on average just $58,260 in 2021, according to the study.
Now, Peter Kern, CEO of Expedia Group, Andrew Jassy, CEO of Amazon, Pat Gelsinger, in charge of Intel Corporation, William McDermott, CEO of ServiceNow, Inc., and Timothy Cook, leader of Apple, were the ones who made the most money. received in 2021, with US$296.2 million, US$212.7 million, US$178.5 million, US$165.8 million and US$98.7 million, respectively.
For his part, James Dimon, CEO of JPMorgan Chase & Co, with US$84.42 million, and Fabrizio Freda, of the multinational Estée Lauder, with $65.9 million in 2021, accompanied the top of the best paid. The last three positions in the ranking were occupied by executives from Penn National Gaming, Broadcom Inc. and Fleetcor Technologies.
“Last year, corporate executives were quick to blame workers’ wages for causing inflation. But real workers’ wages actually fell 2.4%, after adjusting for this indicator,” says the AFL- CIO.
Finally, they note that US companies enjoyed record profits and CEO pay rose at an even faster rate.