Media clips
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The American economy is booming — especially if you’re a CEO. Earnings for the top executives at America’s largest companies skyrocketed in 2017, while wages for the average worker hardly budged. CEOs for the 350 largest US companies earned an average pay of $18.9 million in 2017, a sharp 17 percent increase from the previous year, according to a new study by the left leaning Economic Policy Institute. These estimates include salaries, bonuses, restricted stock grants, cashed-in company stock, and other forms of compensation for chief executives at those firms. Meanwhile, wages for the average US worker grew a paltry 0.2 percent during that time. (whole story)
VOX August 17, 2018 -
The average chief executive at the 350 biggest American companies made 17.6 percent more last year than in 2016 ― a huge raise for people already making several million dollars a year. That’s according to a new analysis by nonpartisan think tank the Economic Policy Institute, which pegged the average compensation for a CEO at a large company at $18.9 million in 2017 ― or 312 times the average worker’s pay. That figure, by contrast, increased by a paltry 0.3 percent. (whole story)
The Huffington Post August 17, 2018 -
CEOs at the 350 largest U.S. companies received 312 times as much in compensation as typical employees in 2017, according to a study released Thursday. The average chief executive received $18.9 million last year, a 17.6 percent increase from 2016, as the wages of a typical worker rose just 0.3 percent, according to research by the Economic Policy Institute, a Washington-based think tank. (whole story)
ABC News August 17, 2018 -
Wages for most American workers have flattened or declined — except for one very select group. The people whose job it is to run companies, otherwise known as CEOs, saw a 17 percent raise last year, according to a new analysis from the Economic Policy Institute. Meanwhile, pay for the remainder of workers grew by a fraction of one percent. The typical CEO made 312 times the earnings of the typical worker, according to the left-leaning EPI. (whole story)
CBS News August 17, 2018 -
Your boss likely had a good year in 2017, even if you did not. Executives saw a huge surge in compensation in the past year, according to a study released Thursday by the non-profit think tank the Economic Policy Institute. The average chief executive officer at the 350 largest firms in the U.S. received $18.9 million in compensation in 2017, a 17.6% increase over 2016. Meanwhile, the typical worker’s compensation remained flat, rising a mere 0.3%. (whole story)
MarketWatch August 17, 2018 -
Last week, the Economic Policy Institute released a report that found the average compensation for the CEOs of the 350 largest companies in the United States averaged $18.9 million last year — a 17.6 percent increase over the previous year. That was boosted, in part, by a robust stock market, which likely motivated some to sell stock options they might have been holding onto for years. But even setting aside sales of stock options, it was a record year for the captains of industry with average pay at $13.3 million, according to the survey. (whole op-ed)
The Baltimore Sun August 17, 2018 -
A report by the left-leaning Economic Policy Institute released on Thursday showed that, by one measure—which “includes stock options realized (in addition to salary, bonuses, restricted stock grants, and long-term incentive payouts)”—CEO compensation in 2017 climbed 17.9 percent over 2016, and that the average CEO of the 350 largest companies in the United States made $18.9 million. By another measure the EPI looked at, which “tracks the value of stock options at the time they are granted,” the average CEO compensation rose to a paltry $13.3 million, up from $13 million in 2016. And in May, the AP—using different methodology—found that the median compensation of 339 executives was $11.7 million. (whole story)
Splinter News August 17, 2018 -
Last fall, as the GOP and the Trump administration worked overtime to sell the American public on its package of tax cuts, Kevin Hassett, chair of the president’s Council of Economic Advisors, made a bold prediction: The average American household would see their annual income increase by $4,000-$9,000 due to the legislation’s business tax cuts. Hassett also said he expected to see “an immediate jump in wage growth.” And while most in the GOP were hesitant to go quite as far as Hassett, the promise that corporate tax cuts would boost worker pay was a central selling point of the plan. Most economists were skeptical of this promise. So far, however, the promised wage growth has yet to materialize for most Americans. But according to a new report released this morning by Lawrence Misheland Jessica Schieder of the Economic Policy Institute, a progressive think tank, there’s one group of Americans who got a big raise in 2017: CEOs of large American firms. (whole story)
Pacific Standard August 17, 2018 -
A new study on CEO compensation may reveal more about the U.S. economy than just growing pay disparity. The leaders of the country’s 350 largest public companies earned 312 times more than their typical employee in 2017. On average, CEOs made $18.9 million, a 17.6 percent increase from a year before, while workers’ salaries remained mostly flat, according to a report by the nonpartisan Economic Policy Institute released Thursday. (whole story)
Inc. August 17, 2018 -
The U.S. economy is doing fairly well, on paper at least–unemployment is down to around 3.9% from around 4.4% last year, and the labor forceis steadily ballooning. But all this masks a more pernicious trend: Pay, for regular workers, is still stagnant. From 2016 to 2017, compensation for typical workers rose just 0.3% (with inflation, that means pretty much not at all) and many people are struggling to access basic needs like housing and food. But what about for non-regular workers? According to a new reportfrom the nonprofit think tank Economic Policy Institute, compensation for the average CEO of the top 350 firms in the U.S. grew by 17.6% in 2017. Their average take-home salary: $18.9 million. (whole story)
Fast Company August 17, 2018