In 2023, Ross Stores CEO Barbara Rentler's pay package of $18.1 million was 2,100 times the median pay of ordinary employees, highlighting extreme corporate pay inequality.
The report indicates that the average CEO earned 538 times the typical worker's pay in 2023, with Ross demonstrating one of the largest pay gaps among S&P 500 companies.
Critics emphasize that although the CEO pay ratio is essential for disclosure, it doesn't fully capture the nuances of pay equity across company roles and responsibilities.
Public sentiment is strong against CEO-worker pay disparities, with 83% of Americans believing businesses should avoid these large gaps, reflecting a significant call for reform.
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