Friday Fact: Those CEO Salaries We Love To Hate

by J. Lynne on Friday, 2009 August 21

In 1960, the ratio of the average Fortune 500 CEO pay to the US president’s salary was 2 to 1. Today it is 30 to 1…The highest-paid CEO in 2004 was Terry Semel of Yahoo, with $230 million, or $630,000 a day. John Mackey, CEO of Whole Foods Markets, limits his pay to ≤14 times the pay of his average employee. The average CEO’s salary in the USA now is 475 times greater than the average worker’s salary; in Japan, it is 11 times greater; in France, 15 times; in Canada, 20; in South Africa, 21; and in Britain, 22. (Facts and Ideas From Anywhere:  Pay of Chief Officers , 2006)

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Tagged as: finance, friday fact, meme, Whole Foods

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