Despite a pandemic, CEO pay rose 11.1% from 2020 to 2021—and 1,460% since 1978. CEOs have been able to pocket fat paychecks without ramping up their own productivity. But workers? They’re more productive than ever but their pay hasn’t kept up.
Clearly, CEOs aren’t 1,460% more productive than they were in 1978. What we have is a broken system. Corporate boards and executives are colluding rather than imposing any discipline on outrageous pay. Board directors running America’s largest public firms need to stop doling out outsized compensation packages to CEOs—CEO pay is growing faster than even the stock market and is far outstripping the pay of other earners in the top 0.1%.Economic Policy Institute
Ranting about – a relatively few – CEOs compensation is a farce. Who cares, it only affects their shareholders and then very little. Their pay has zero impact on workers. Outrageous? Why, because you don’t have some of it? Who says it’s outrageous? None of my business.
CEO pay is not based on productivity – another use trigger words. Their pay is based on both short and long-term results for shareholders, the company’s owners. Is there sometimes a mismatch between pay and results, sure there is. But still only the business of those responsible for running the company and it’s shareholders.
What is outrageous is using the generic “CEO” when in fact we are talking about perhaps 100 to 200 CEOs of the very largest companies. What is outrageous is linking pay to the pandemic, trying to create division among Americans claiming some CEO pay is unfair to them under overused and misleading concern over inequality.