The average CEO-worker pay ratio at Low-Wage 100 firms narrowed from 603 to 1 in 2022 to 538 to 1 in 2023, but median pay levels remain extremely low • Workers at the bottom of the corporate ladder have been fighting hard for rewards that more fairly reflect the contributions of their labor. [...] Stock buybacks artificially boost the value of a company’s shares and, in the process, pump up the value of the stock-based compensation that makes up about 80 percent of corporate CEO compensation. [...] A group of Analog Devices employees recently delivered a petition to top executives demanding that the company do more to ensure workers a fair share of the rewards the firm is making off of the government subsidies the firm is receiving to boost domestic computer chip production. [...] To get a deeper understanding of the priorities of the Low-Wage 100, we zeroed in on the 20 companies on this list with the largest number of U. [...] Under this excise tax formula, the tax owed would be proportional to the degree a company’s pay ratio exceeds 50:1 and to the level of the CEO’s compensation.
Authors
- Pages
- 29
- Published in
- United States of America
Table of Contents
- Contents 3
- Key findings 4
- Introduction 6
- The Low-Wage 100 7
- The Low-Wage 100 8
- Company snapshots 8
- Lowes 8
- Home Depot Walmart 9
- Buybacks Siphon Resources from Long-term Investment 10
- Company snapshots 10
- Johnson Controls 10
- Analog Devices 11
- The 20 Largest Low-wage Employers 12
- Company snapshots 12
- AutoZone 12
- Chipotle 13
- Starbucks Dollar General 14
- Policy options 15
- Methodology and Sources 17
- Principles for a Better CEO Pay System 21
- CEO PAY REFORMS RELATED TO TAX POLICY 22
- PAY REFORMS TIED TO CONTRACTS SUBSIDIES OTHER PUBLIC SUPPORT 23
- CEO PAY REFORMS LINKED TO CORPORATE GOVERNANCE 24
- WALL STREET PAY REFORMS 26
- PAY DISCLOSURE REFORMS 27
