PennyGem’s Elizabeth Keatinge tells us how many years it would take the average employee to earn what their CEO makes.
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00:00100 times more that's what most S&P 500 firms paid their CEO compared to their median worker
00:11this according to the Institute for policy studies new executive excess 2019 report so
00:16that means as market watch points out it would take the typical worker at one of the 50 public
00:21companies with the widest pay gaps an entire millennium to earn their CEO makes in a single
00:27year yikes that's a lot of clocking in the difference between what a median worker makes
00:32and a CEO makes is pretty drastic the median CEO pay at these 50 companies averages 15.9 million
00:39dollars last year well the median worker earned just 10,027 you heard that right according to the
00:45report nearly 10% of S&P 500 firms had median pay below the poverty line for a family of four
00:52some of the top offenders Walmart with a pay gap of 1076 to 1 marathon petroleum with a 714 to 1 pay
01:01gap and CVS with a 618 to 1 pay gap