for employees willing to risk their health to keep working during the crisis. For frontline workers earning around $12 or $13 an hour, that amounted to a pay boost of a dollar and change.
Among the 51 companies included in the report, CEO pay averaged more than $15 million in 2020, a 29% increase over the previous year. “Under Brian’s leadership, Chipotle’s stock has increased more than 300% and the market cap grew $30.6 billion, from $8.2 billion in early 2018 to $38.8 billion at the end of 2020,” the spokesperson said.Chipotle CEO Brian Niccol took home $38 million last year. Not bad for a pandemic!
Some companies that suffered significant losses during the pandemic still managed to reward executives handsomely. Hotel giant Hilton lost $720 million on the year, but CEO Chris Nassetta received a compensation packageHilton said in a statement that the figure was misleading. Nassetta’s take-home pay was really $20.1 million, a spokesperson said, but the amount appeared inflated due to complicated maneuvers with stock awards.