USA Today: 9 CEOs paid 800 times more than their workers — Chipotle CEO paid 1,524 times the workers
Bloomberg’s David Gura reports on the United States Securities and Exchange Commission voting to back rules forcing companies to compare CEO and worker pay. He speaks on "Bloomberg Markets." Bloomberg
(Photo: Scott Olson, Getty Images)
Companies had lots of reasons to resist a just-approved new rule forcing them to disclose the pay gap between workers and the CEO: 216 to be exact.
The average CEO of Standard & Poor’s 500 companies were paid 216 times more than the median employees at their companies, according to a USA TODAY analysis of worker pay data from Glassdoor.com and CEO pay data from S&P Capital IQ. CEO pay was based on the most recent total reported compensation of current CEOs and Glassdoor pay is based on worker-reported data to the popular job search site.
The gap is much larger in several cases. Nine CEOs including David Zaslav of media company Discovery Communications (DISCA), Chipotle (CMG) co-CEOs Steven Ells and Montgomery Moran and Larry Merlo of CVS Health (CVS), were paid 800 times or more than the average worker at these companies. MORE