While its logical a position such as CEO deserves higher pay than other roles, the disparity is getting harder to stomach.
has returned to the national spotlight for more highly-publicised criticism., who at one point was so frustrated by his unwillingness to answer a question, he told Banducci, “I’m not interested in your spin or your bullshit. This is a Senate inquiry; answer the question.”
To understand, or at least to help answer that, it’s worth looking at one of the most useful metrics for analysing an executive’s performance – their take-home pay.While Banducci’s public performance may leave much to be desired, his results behind the scenes speak for themselves. Despite having a base annual salary of $2.6 million, Banducci told McKim and the inquiry that his take-home pay in 2023 was $8.4 million thanks to short-term and long-term bonuses.
According to the US Economic Policy Institute , top CEO compensation increased by 1209.2 per cent between 1978 and 2022. During the same period, wage growth for the average worker increased by just 15.3 per cent. Put another way, in 2021, the average CEO in the United States made nearly eight times as much as the top 0.1 per cent of wage earners.
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