The average Chief Executive Officer (CEO) in America earns an astounding amount of money, especially when they are compared against the people who work under them.
A new study by the Glassdoor Economic Research team analyzed S&P 500 companies to compare what their CEOs earn in total compensation versus median total compensation for employees.
The company found that the average CEO pay is $13.8 million per year, compared to a median worker salary of $77,800 in 2014. Simple math gives us a differential of nearly 204 times what a worker earns.
Starting in 2017 the SEC will require that all publicly held company’s report their CEO-to-typical-worker pay, a requirement that could, but likely won’t, affect a CEOs pay.
The CEO versus typical worker pay analysis was completed by examining total CEO compensation from SEC proxy filing statements as of 8/14/2015. Figures for media worker pay were grabbed from Glassdoor salary reports which are submitted directly by U.S. employees.
For more on the methodology used visit, FoxBusiness.