Amazon's CEO Pay Is More Than 6,000 Times That of the Company's Typical Worker

  • 📰 truthout
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Low-wage corporations have continued to pump up CEO pay during COVID while workers are struggling with rising costs.

A tight labor market created a rare moment of leverage for low-wage workers last year. But Corporate America took no great leap forward on pay equity., reveals how low-wage corporations have continued to pump up CEO pay during the pandemic while workers are struggling with rising costs.

By contrast, CEO pay at these same 300 low-wage firms soared 31 percent to an average of $10.6 million. This stunning increase drove the average gap between CEO and median worker pay at these companies to 670-to-1, up from 604-to-1 in 2020. At 49 of the 300 firms, pay ratios topped 1,000-to-1. Of the 106 companies in our sample where median worker pay did not keep pace with inflation, 67 blew a combined total of $43.7 billion on stock buybacks. This financial maneuver inflates executive stock-based pay and drains capital from worker raises, R&D, and other productivity-boosting investments.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

American Oligarch! StopFraud StampStampede Public_Citizen StephMillerShow

Boycott Amazon!

Unionize Everywhere❗️ 🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿 Unionize Everywhere❗️ 🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿 Unionize Everywhere❗️ 🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿 Unionize Everywhere❗️ 🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿🖐🏻🖐🏼🖐🖐🏽🖐🏾🖐🏿

How big is the bottle the CEO can use to relieve himself?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 69. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase CEO addresses company culture claims from anonymous postA since-deleted post began circulating yesterday calling for the removal of three Coinbase executives. CEO Brian Armstrong responded today. After reading Coinbase's CEO reaction, I do not think that Coinbase is a good employer and that it can get worse.
Source: TheBlock__ - 🏆 464. / 53 Read more »