{"id":2419327,"date":"2021-11-15T12:20:59","date_gmt":"2021-11-15T17:20:59","guid":{"rendered":"https:\/\/www.valuewalk.com\/?p=2419327"},"modified":"2021-11-15T12:20:59","modified_gmt":"2021-11-15T17:20:59","slug":"study-reveals-the-ceos-with-the-biggest-wage-gap","status":"publish","type":"post","link":"https:\/\/www.valuewalk.com\/study-reveals-the-ceos-with-the-biggest-wage-gap\/","title":{"rendered":"Study Reveals The CEOs With The Biggest Wage Gap"},"content":{"rendered":"<p><em>Study reveals shocking statistics about which <a href=\"https:\/\/www.valuewalk.com\/pets-at-home-ceo-goes-for-a-walk\/\">CEOs<\/a> are earning over 14,000% more than their employees annually<\/em><\/p>\n\n\t<!-- Begin Mailigen Signup Form -->\n\t<script type=\"text\/javascript\">\n\t\tif (typeof jQuery == 'undefined') {\n\t\t\tdocument.write('<scr' + 'ipt type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/jquery.js\"><\/scr' + 'ipt>');\n\t\t}\n\t<\/script>\n\t<script language=\"javascript\" type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/scripts.js\"><\/script>\n\t<script language=\"javascript\" type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/subscribe2.js\"><\/script>\n\t<div id=\"MG-placeholder\">\n\t<style>.first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important}\n\n\tform.ebook-styles .error,\n\tform.ebook-styles #error {\n\t\tcolor:#d00;\n\t}\n\tform.ebook-styles .formfields h1,\n\tform.ebook-styles .formfields #mg-logo,\n\tform.ebook-styles .formfields #mg-footer {\n\t\tdisplay: none;\n\t}\n\tform.ebook-styles .formfields {\n\t\tfont-size: 12px;\n\t}\n\tform.ebook-styles .formfields p {\n\t\tmargin: 4px 0;\n\t}\n\t<\/style>\n<div style=\"background:#eee;display:block;overflow:hidden;margin-bottom:24px;padding:40px;\">\n<div class=\"two-thirds first\">\n<p style=\"font-size:22px;margin:0 0 10px;\">Get Our Activist Investing Case Study!<\/p>\n\t<p style=\"line-height:1.4;margin-bottom:0;\">Get The Full Activist Investing Study In PDF<\/p>\n\t<form action=\"https:\/\/valuewalk.us4.list-manage.com\/subscribe\/post?u=c3eb7a1d092fc854772c834e0&amp;id=f6f5bdb8b5\" method=\"post\" id=\"mc-embedded-subscribe-form\" name=\"mc-embedded-subscribe-form\" class=\"validate\" target=\"_blank\" novalidate>\n <div id=\"mc_embed_signup_scroll\">\n \n\t\t\t\t<div class=\"af-element mc-field-group \">\n\t\t\t\t\t<div class=\"af-textWrap c1\"><input type=\"email\" value=\"\" placeholder='Email Address' name=\"EMAIL\" class=\"required af-element email\" id=\"mce-EMAIL\"><\/div>\n\t\t\t\t\t<div class=\"af-clear\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"af-element buttonContainer\">\n\t\t\t\t\t<input type=\"submit\" value=\"Subscribe\" name=\"subscribe\" id=\"mc-embedded-subscribe\" class=\"button\">\n\t\t\t\t<\/div>\n \n \n\t<div id=\"mce-responses\" class=\"clear\">\n\t\t<div class=\"response\" id=\"mce-error-response\" style=\"display:none\"><\/div>\n\t\t<div class=\"response\" id=\"mce-success-response\" style=\"display:none\"><\/div>\n\t<\/div>    <!-- real people should not fill this in and expect good things - do not remove this or risk form bot signups-->\n    <div style=\"position: absolute; left: -5000px;\" aria-hidden=\"true\"><input type=\"text\" name=\"b_c3eb7a1d092fc854772c834e0_f6f5bdb8b5\" tabindex=\"-1\" value=\"\"><\/div>\n    \n    <\/div>\n\t<\/form>\n\t<script type='text\/javascript' src='\/\/s3.amazonaws.com\/downloads.mailchimp.com\/js\/mc-validate.js'><\/script><script type='text\/javascript'>(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true);<\/script>\n<\/div>\n<div class=\"one-third\">\n<img decoding=\"async\" src=\"https:\/\/c2.staticflickr.com\/8\/7443\/10159650595_5b591c111a_z.jpg\" alt=\"Timeless Reading eBook\" style=\"width:100%; height:auto\">\n<\/div><\/div><\/div><!-- End Mailigen Signup Form -->\n<p style=\"text-align: center;\"><a href=\"https:\/\/valuewalkpremium.com\/q3-2021-hedge-fund-letters\/\" target=\"_blank\"><em><strong>Q3 2021 hedge fund letters, conferences and more<\/strong><\/em><\/a><\/p>\n<div class=\"ca-widget\" data-token=\"sad9d02c0797\"><\/div>\n<p><script async defer src=\"https:\/\/secure.money.com\/embeds\/embedder.js?v=1\"><\/script><\/p>\n<p>From <a href=\"https:\/\/www.valuewalk.com\/elon-musk-sells-more-tesla-shares-worth-687-million\/\">Elon Musk<\/a> to Jeff Bezos, billionaire CEOs are often hitting headlines around the world, causing controversy with their astounding salaries. Often the CEOs are earning hundreds of thousands, if not millions, more than their employees.<\/p>\n<p>Far from being just tabloid noise, disproportionate pay between the CEO and <a href=\"https:\/\/www.valuewalk.com\/trust-and-empowerment-two-keys-to-emerging-unscathed-from-the-great-resignation\/\">employees<\/a> can demotivate workers, leading them to feel like they are not fairly compensated for the work they do. A new study by careers board <a href=\"https:\/\/lensa.com\/insights\/ceo-wage-gap\/\" rel=\"nofollow\" target=\"_blank\">Lensa<\/a> has taken a deep-dive into the salaries of the CEOs of the 100 biggest companies in the US, and compared them to the median salary of their employees.<\/p>\n<p><a href=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-1.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-2419333\" src=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-1.jpg\" alt=\"CEO Wage Gap\" width=\"721\" height=\"1024\" srcset=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-1.jpg 721w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-1-211x300.jpg 211w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-1-696x988.jpg 696w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-1-296x420.jpg 296w\" sizes=\"(max-width: 721px) 100vw, 721px\" \/><\/a><\/p>\n<h2>Highest-Paid CEOs<\/h2>\n<p>The study firstly looked at the highest-paid CEOs, which revealed that Comcast\u2019s CEO, Brian L. Roberts is the highest-paid, earning a base salary of $3.44m. Comcast is based in Philadelphia and owns several hugely successful media companies such as Sky Group, NBC Universal, and DreamWorks Animation. Brian L. Roberts is estimated to be worth $1.8bn overall, so his Comcast salary only makes up a fraction of his earnings. Apple\u2019s CEO Tim Cook was in second place, with a base salary of $3m. Similarly, Viacom\u2019s CEO, Robert M. Bakish earned $3m per year. However, whilst Tim Cook is said to be worth $1.4bn, Robert M. Bakish\u2019s net worth dwarfs it in comparison, at $25.5m.<\/p>\n<p><a href=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-2.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-2419332\" src=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-2.jpg\" alt=\"CEO Wage Gap\" width=\"1006\" height=\"2000\" srcset=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-2.jpg 1006w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-2-151x300.jpg 151w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-2-768x1527.jpg 768w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-2-773x1536.jpg 773w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-2-696x1384.jpg 696w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-2-211x420.jpg 211w\" sizes=\"(max-width: 1006px) 100vw, 1006px\" \/><\/a><\/p>\n<h2>CEOs With The Biggest Wage Gap<strong><br \/>\n<\/strong><\/h2>\n<p>Next, the study looked at the biggest wage gaps between CEOs and their employees, calculated as a percentage difference. In first place, with a stark gap of 14,007%, was Coca-Cola\u2019s CEO, James Quincey. Quincey\u2019s annual salary is $1.6m, whilst the average employee for the company earns just $11,342 - a wage gap of over $1.5m. Quincey first joined the business in 1996 and was named CEO in 2016. In second place was another huge corporation - Starbucks - and its CEO Kevin Johnson. Johnson\u2019s annual salary stands at $1.54m, while the median employee wage is $12,113 - creating a wage gap of 12,617%. Johnson has been in his role at Starbucks for five years, since 2017. In third place was fast-food giant Chipotle, and their CEO Brian Niccol, who earns a salary of $1.2m, whilst employees are paid a median salary of $14,155, creating a gap of 8,378%. Interestingly, earlier in 2021, Chipotle was sued in New York for violating the city\u2019s Fair Workweek Law, accusing the company of abusing workers at five locations in Brooklyn. The lawsuit was the first of its kind to be brought under a publicly-held corporate fast-food chain. At the time, Chipotle said it was dedicated to creating a \u2018safe and engaging workplace\u2019. The lawsuit is still going through court, and New York continues to investigate further complaints against the company.<\/p>\n<p>The remaining companies within the top 10 included Viacom (7,571%), Walmart (5,974%), Target (5,606%) and Apple (5,092%).<\/p>\n<p><a href=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-3.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-2419331\" src=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-3.jpg\" alt=\"CEO Wage Gap\" width=\"1006\" height=\"2000\" srcset=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-3.jpg 1006w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-3-151x300.jpg 151w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-3-768x1527.jpg 768w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-3-773x1536.jpg 773w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-3-696x1384.jpg 696w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-3-211x420.jpg 211w\" sizes=\"(max-width: 1006px) 100vw, 1006px\" \/><\/a><\/p>\n<h2>CEOs With The Smallest Wage Gap<\/h2>\n<p>When looking at CEOs with the smallest <a href=\"https:\/\/www.valuewalk.com\/what-remote-work-means-for-the-pay-gap\/\">wage gap<\/a>, it\u2019s interesting to see Tesla\u2019s Elon Musk sitting pretty at the top of the list, with a wage gap of minus -59%. Musk was the only CEO in Lensa\u2019s study to take a smaller salary than an employee, at $23,760, compared to the median employee wage of $58,455. However, it\u2019s important to note that Musk\u2019s net worth currently sits at an astronomical $271 billion - so it\u2019s easy to see why he doesn\u2019t need to rely on his Tesla check. Despite his small salary, Musk benefits from Tesla\u2019s performance in other ways - receiving $6.6bn in compensation last year from various stocks and incentives.<\/p>\n<p>Just after Tesla in the ranking was the CEO of Berkshire Hathaway, Warren Buffett, who earned just 46% more than his employees - with a salary of $100,000, compared to the median employee pay of $68,543. In third place was the CEO of Boeing, David L. Calhoun, with a wage gap of 101%. Calhoun earns $269,23, whilst employees at the company earn $133,800. Other companies in the top 10 include the New York Times, eBay, and Mastercard.<\/p>\n<p>It\u2019s clear from the results of the study that the biggest CEO wage gaps come from companies with a traditionally \u2018unskilled\u2019 workforce, such as fast-food workers, cashiers, and factory staff. While big tech, engineering, and investment companies do have the lowest wage gaps, it\u2019s important to recognize that employees are often working more skilled roles.<\/p>\n<p>Overall, the study found that the USA has the highest-paid CEOs in the world, with an average salary of $429,663, or an hourly rate of $207. The UK was in second place, with an average salary of $405,219, followed by Germany, with an average pay of $387,928.<\/p>\n<p><a href=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-4.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-2419330\" src=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-4.jpg\" alt=\"CEO Wage Gap\" width=\"788\" height=\"1024\" srcset=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-4.jpg 788w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-4-231x300.jpg 231w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-4-768x998.jpg 768w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-4-696x904.jpg 696w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-4-323x420.jpg 323w\" sizes=\"(max-width: 788px) 100vw, 788px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-5.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-2419329\" src=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-5.jpg\" alt=\"CEO Wage Gap\" width=\"634\" height=\"1024\" srcset=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-5.jpg 634w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-5-186x300.jpg 186w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-5-260x420.jpg 260w\" sizes=\"(max-width: 634px) 100vw, 634px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-6.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-2419328\" src=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-6.jpg\" alt=\"CEO Wage Gap\" width=\"596\" height=\"1024\" srcset=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-6.jpg 596w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-6-175x300.jpg 175w, https:\/\/www.valuewalk.com\/wp-content\/uploads\/2021\/11\/CEO-Wage-Gap-6-244x420.jpg 244w\" sizes=\"(max-width: 596px) 100vw, 596px\" \/><\/a><\/p>\n ","protected":false},"excerpt":{"rendered":"<p>Study reveals shocking statistics about which CEOs are earning over 14,000% more than their employees annually Q3 2021 hedge fund &#8230; <a title=\"Study Reveals The CEOs With The Biggest Wage Gap\" class=\"read-more\" href=\"https:\/\/www.valuewalk.com\/study-reveals-the-ceos-with-the-biggest-wage-gap\/\" aria-label=\"More on Study Reveals The CEOs With The Biggest Wage Gap\">Read more<\/a><\/p>\n","protected":false},"author":2476,"featured_media":2419333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2689],"tags":[646568,650040,122574,647672],"states":[],"acf":[],"modified_by":"Umair Tariq","_links":{"self":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2419327"}],"collection":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/users\/2476"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/comments?post=2419327"}],"version-history":[{"count":0,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2419327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media\/2419333"}],"wp:attachment":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media?parent=2419327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/categories?post=2419327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/tags?post=2419327"},{"taxonomy":"states","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/states?post=2419327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}