Starbucks CEO Earned 6,666 Times More Than Typical Employee in 2024, Widest Pay Gap Among Major Companies
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Slow-proofed and worth the wait. Worth its weight in flour.
Summary
The article reports on the widening pay gap between corporate executives and workers, highlighting Starbucks CEO Brian Niccol's compensation of nearly $98 million in 2024, which was 6,666 times more than the company's typical employee. This represents the widest pay gap among the nation's 500 largest public companies according to the AFL-CIO's Executive Paywatch report. The report shows that executive pay continues to grow while worker wages stagnate, with the average S&P 500 CEO making 324 times more than the median worker in 2024.
Key quotes
· 4 pulledStarbucks' CEO, Brian Niccol, made a whopping 6,666 times more than the company's typical employee last year
It was the widest pay gap by far between the top executive and median worker among the nation's 500 largest public companies
The pay gap between America's corporate leaders and their workers grew even larger in 2024
Niccol, who took over the company's helm last September, received nearly $98 million in compensation
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