CEOs make 373 times what average workers earn [View all]

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The average CEO made 373 times what the average American worker did in 2014, according to an annual study by the AFL-CIO.

While that disparity seems extreme, it is less so than the disparity that existed in 2000 when CEOs were making 525 times more than the average worker. In 2013, CEOs took home 331 times what average workers were paid.

Brandon Rees, who works in the investment office of the AFL-CIO, said the corporate scandals of the 2000s, the Sarbanes-Oxley Act of 2002, the 2008 recession, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 all affected CEO compensation.

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In 1980, Business Week calculated the average chief executive was paid 42 times what the average worker made. Ten years later, the disparity was 85 times the average worker’s salary.

http://www.heraldnet.com/article/20150514/BIZ02/150519419