"The average CEO-to-worker-pay ratio for S&P 500 Index companies in 2024 was 285 to 1, according to the AFL-CIO's annual Executive Paywatch report, an increase from 268 to 1 in 2023."
"In 2024, the average CEO of an S&P 500 company saw an average pay increase of $1.24 million, with total compensation growing to $18.9 million, up 7% from the year prior."
"Each CEO is set to get about $500,000 back from tax cuts, which could result in a combined $738 million in income tax savings for the AFL-CIO's Executive Paywatch database."
"Fred Redmond, AFL-CIO secretary-treasurer, stated that the system is obviously broken, emphasizing that workers want to share in the benefits and profits they help to create."
CEO compensation has significantly increased over the past decade, with the average CEO-to-worker pay ratio for S&P 500 companies reaching 285 to 1 in 2024. CEO compensation rose by $1.24 million on average, totaling $18.9 million, while workers faced rising costs of living. Trump's tax cuts are expected to further increase CEO earnings, providing substantial tax savings. The AFL-CIO highlights this disparity, emphasizing that workers desire fair compensation for their contributions to company profits.
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