The article discusses the significant increase in CEO pay across major corporations in the United States, highlighting specific compensation figures for 2024. Notable increases include Tim Cook of Apple receiving $74.6 million and Brian Niccol of Starbucks earning $96 million, primarily through stock awards. The Economic Policy Institute reports that in 2023, CEO pay was 290 times that of the average worker, a stark contrast to 21 times in 1965. This surge in executive compensation has sparked conversations about income inequality and the growing disconnect between corporate leaders and employees.
According to the Economic Policy Institute (EPI), CEOs were paid 290 times more than the average worker in 2023 - compared to 21 times as much in 1965.
Brian Niccol earned $96 million in 2024, primarily from stock awards, significantly higher than his previous year's compensation of $22.5 million at Chipotle.
Tim Cook’s compensation rose to $74.6 million in 2024, over $10 million more than in 2023, despite a prior pay cut after disappointing shareholder votes.
The trend of rising CEO compensation highlights significant disparities in income between corporate leaders and average workers, prompting discussions on fairness in executive pay.
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