Stats about income inequality are so common today that there’s a risk of people becoming a bit “oh whatever” about it. But the numbers cited at the link below are truly eye-popping. The numbers at the end of the lines below are the multiplier: #1 below, for example, means that Discovery CEO David Zaslav makes 2,282 times as much as his average employee does. He makes $156.1 million per year (or at least did, last year). His employees average $68,387. Most people’s first instinct will be to say, “That’s outrageous!” After all, Zaslav’s labour can’t possibly be 2,282 times more valuable than his average employee, can it? Maybe not. But somebody agreed to pay that price. It’s also arguably silly to pay $500,000 for a car, but some people choose to do that. It would take a lot more digging to figure this one out. Is Zaslav doing a good job of building value for shareholders (and other stakeholders)? Is he that much better than the next available candidate? Does he have friends on the board’s compensation committee? >>>
LINK: These 9 CEOs Make At Least 800 Times More Than Their Employees (by Adele Peters in Fast Company)
The 9 Largest CEO to Median Worker Pay Ratios:
1. Discovery Communications, David Zaslav, 2,282x
2. Chipotle, Steven Ells, 1,524x
3. Chipotle, Montgomery Moran, 1,483x
4. CVS Health, Larry Merlo, 1,054x
5. Starbucks, Howard Schultz, 994x….
What do you think?