The millionaire chief executives of some of the American companies with the lowest-paid workers saw an average pay raise of 29% last year while their workers saw a 2% decrease, according to a report released Tuesday.
This means that chief executives saw a 29% pay raise compared to 2019, while workers saw a 2% decrease.
For all 100 companies, median worker pay was below $50,000 for 2020.
Hilton’s CEO, Christopher Nassetta, had a compensation package worth $55.9m in 2020, the highest of the executives analyzed in the report, while median pay at the company was $28,608, down from $43,695 in 2019.
Niccol received $38m last year, which is 2,898 times more than the company’s median worker pay of $13,127.
Gibbs’ 2020 compensation was $14.6m while the company’s median pay was $11,377, according to the report.
Voters in San Francisco last year approved a ballot measure of a similar tax based on pay ratio, to start in 2022. »