That is how a lot CEOs have been paid final yr at S&P 500 corporations

Common CEO pay fell from $18.3 million and 324 instances median employee earnings in 2021 for corporations in the identical index.

Poorer inventory efficiency accounted for a lot of the decline in CEO pay in 2022 as a result of their compensation is commonly tied partly to investor returns.

In the meantime, actual common hourly earnings for U.S. employees fell 1.6 per cent for 2022, in response to U.S. authorities figures.

“CEO pay fell greater than employee pay however did not fall sufficient to make it honest or equal,” stated examine creator Brandon Rees, the labor federation’s deputy director of firms and capital markets. “That is an not possible degree of compensation for a person individual to obtain in only one yr,” he stated.

AFL-CIO officers additionally famous the CEOs’ common pay fell lower than the 18 per cent decline within the S&P 500’s complete return final yr.

CEO pay data within the examine was drawn from company disclosures.

The pay ratio on this yr’s examine was the bottom it has been since 2019 when it stood at 264. Pushed by hefty inventory awards, CEO compensation has trended upward. A decade in the past, common S&P 500 CEO pay was $11.7 million, and corporations weren’t required to report the ratio of CEO pay to that of their median employee.

The examine additionally mentioned the potential influence of synthetic intelligence, which labor leaders fear will remove jobs.