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.
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