It would take 100 years for the average employee to earn what their CEO makes in a year. (via CNBCMakeIt)
These 50 companies with the largest CEO-to-worker pay ratios include 24 blue-chip corporations, and they span sectors. Three of the companies with the largest gaps in pay are in the automobile industry, five are in tech hardware, five are in fast food and 14 are in retail.
But IPS found that retail giant Gap had the widest CEO pay gap of any S&P 500 company. Gap's CEO Art Peck reportedly makes $20,793,939 — 3,566 times as much as the company's typical worker which is just $5,831, due in part to the fact that the company employs a large number of seasonal employees. Gap Inc. is proud of the opportunities we provide our associates. We pay all of our associates competitively. Given the composition of our workforce, we do not believe the pay ratio calculation required by the SEC provides a complete picture of our compensation practices – nor does it reflect the high value we place on our employees.
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