It’s always been understood that corporate executives make a lot more than rank-and-file workers. But the gap between top and bottom was hard to calculate, and therefore hard to turn into media sound bites, so it didn’t play much of a role in the US political process.

But this year, for the first time, corporations are being required to calculate and publish a more accurate version their “pay ratio” – what their CEO makes relative to employees. In other words, now there’s a number – the years (or centuries) of work it would take the average employee to earn what the CEO does in a single year – that people can understand. And it’s not pretty. From last week’s New York Times:

Want to Make Money Like a C.E.O.? Work for 275 Years

A Walmart employee earning the company’s median salary of $19,177 would have to work for more than a thousand years to earn the $22.2 million that Doug McMillon, the company’s chief executive, was awarded in 2017.

At Live Nation Entertainment, the concert and ticketing company, an employee earning the median pay of $24,406 would need to work for 2,893 years to earn the $70.6 million that its chief executive, Michael Rapino, made last year.

And at Time Warner, where the median compensation is a relatively handsome $75,217, an employee earning that much would still need to work for 651 years to earn the $49 million that Jeffrey Bewkes, the chief executive, earned in just 12 months.

http://news.goldseek.com/DollarCollapse/1527516900.php