A lone yacht in the middle of the sea. Are top paid CEOs out of touch with people and our planet?
Tomorrow’s fundamental question: How can we distribute wealth equitably? Should it all be concentrated in the hands of one individual or trust fund? Current trends suggest this alarming scenario.
According to Bernie Sanders, four hedge fund managers now earn more than 120,000 kindergarten teachers combined. The growing trend of extreme inequality impacts society at large.
The top 10 US-based CEOs received a total of $1,563 million in personal compensation in 2022. Interestingly, nine out of 10 of these CEOs led companies that saw less than a 10% increase in shareholder wealth.
Seven of these CEOs oversaw significant shareholder declines during the year, yet continued to receive hefty compensations. This raises questions about the correlation between pay and performance for other employees.
The message sent to executives and managers is clear: seize opportunities for personal gain. For the public, now is the time to demand change.
Top 10 US-based CEO Pay in 2022
Larry Fink, the CEO of Blackrock
Top 10 US-based CEO Pay in 2022:
- Blackrock CEO: $253 million
- Alphabet CEO: $226 million
- Hertz CEO: $182 million
- Peloton CEO: $168 million
- Live Nation CEO: $139 million
- Oracle CEO: $138 million
- Sarepta Therapeutics CEO: $125 million
- Pinterest CEO: $123 million
- CS Disco CEO: $110 million
- Apple CEO: $99 million
Source: c-Suite Comp via CNBC
This data can serve as a benchmark for integrity. When a company claims to value its employees while paying its CEO exorbitant amounts for subpar performance, it exposes the disparity in values.
While the issue is complex, this data highlights the need for further examination and action.
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