CEO pay more than 300 times average workers in 2014
The United States' chief executive officers made 303 times as much as the average worker in 2014, according to a report from the Economic Policy Institute to be released Monday.
The report from the left-leaning think tank found that average CEO compensation for the largest firms was $16.3 million in 2014, an increase of 3.9% from last year and 54.3% since the end of the financial crisis in 2009.
But not only are CEOs making more money than the average worker, they're also making more money than other top wage earners. CEO compensation in 2013 was almost six times higher than others in the top 0.1% of earners, according to the report.
"The claim is that high CEO pay is a marker for talent," says Lawrence Mishel, president of the Economic Policy Institute and co-author of the report, who disagrees with the notion that the extraordinarily high compensation of executives is proportional to the skill required to run a large, publicly traded company.
"This data would suggest that executives are not only 300 times more talented than the average worker, but also six times more talented and valuable than other people in the top one-thousandth of earners."
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http://www.usatoday.com/story/money/2015/06/21/epi-report-ceo-pay-303-times-average-2014/29000333/
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by a 90% tax rate.
