CEOs who run S&P 500 companies pay up 17% as profits, stocks soar; workers fall behind

. Because much of a CEO’s compensation is tied to such performance, their pay packages ballooned after years of mostly moderating growth.

At Walmart, for example, the company said its median associate made $25,335 in compensation last year. That means half its workers made more, and half made less. “That is going to add a huge cost to corporate bottom lines, to have these kind of turnover rates,” said Sarah Anderson, director of the global economy project at the progressive Institute for Policy Studies.

Then came 2021. Thanks to a reopened economy, super-low interest rates from the Federal Reserve and other factors, stock prices soared and the S&P 500 jumped nearly 27%, setting records through the year. Earnings per share soared roughly 50%. Consider Marry Barra, CEO of General Motors. Her industry was particularly hard hit by the shortage of computer chips, which snarled auto production.

“The new people coming in, their kids are not going to be able to have the opportunities my kids had,” said Green, who has two daughters and started at GM as a summer helper in 1989.

Eat. The. Rich.

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CEO pay up 17 per cent as profits, stocks soar; workers fall behindEven when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package for chief executives who run S&P 500 companies soared 17.1 per cent last year, to a median US$14.5 million, according to data analyzed for The Associated Press by Equilar. 'inflation' It’s almost time to start eating the rich World value is finite; we're a big ball, and everything is assigned. If someone gets richer, someone else gets poorer. All the money in the world is trying to get into one pocket.
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