Some CEOs, most of them technology companies, earn more than 1,000 times more than the average employee of the company they work for from 2021, but Andy Jasi is breaking all records.
Amazon’s CEO took almost $ 213 million in 2021, which is 6,474 times the average salary of $ 32,855. This is clear from Amazon’s power of attorney statement filed with the Securities and Exchange Commission in April, quoted by Fortune. By comparison, the average salary of a CEO in Fortune 500 companies, which includes the world’s largest companies, is 205 times the annual salary of a typical worker in 2021.
Amazon clearly states in the documentation that Jasie’s high salary is due to bonuses related to shares and his promotion to CEO that same year.
No other Fortune 500 company comes close to the pay ratio of CEO and Amazon employees.
However, seven companies paid their CEOs last year, more than 2,000 times the average wage: Warner Bros. Discovery, Expedia, Gap, ManpowerGroup, McDonald’s, TJX Companies and Yum Brands.
Exactly 25 Fortune 500 companies paid their CEOs more than 1,000 times more than ordinary employees in 2021.
Jassi stands out from his colleagues who hold similar positions in that he served in the position for the shortest period of time in the highest position. He took his place. And Jeff Bezos as president and CEO of Amazon in July 2021, after previously managing the company’s cloud division for 15 years.
Second in pay after Jesse is the CEO of Warner Bros. Discovery David Zaslav. His annual salary is $ 246,573,481 and 2,972 times higher than the average employee salary of $ 82,964.
Sonia Singal, the only female CEO on the list, has the lowest salary in 2021, just over $ 18 million. Gap pays at least $ 7,348 a year to a part-time sales employee working in Canada. Thus, Singal earns 2485 times more than the average employee.
Since 1977, the salary of the CEO has increased by 1,322%, while the remuneration of employees has increased by only 18%, according to the Institute for Economic Policy.
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