CEO compensation has significantly increased over the past decade, with the average CEO-to-worker pay ratio for S&P 500 companies reaching 285 to 1 in 2024. CEO compensation rose by $1.24 million on average, totaling $18.9 million, while workers faced rising costs of living. Trump's tax cuts are expected to further increase CEO earnings, providing substantial tax savings. The AFL-CIO highlights this disparity, emphasizing that workers desire fair compensation for their contributions to company profits.
The average CEO-to-worker-pay ratio for S&P 500 Index companies in 2024 was 285 to 1, according to the AFL-CIO's annual Executive Paywatch report, an increase from 268 to 1 in 2023.
In 2024, the average CEO of an S&P 500 company saw an average pay increase of $1.24 million, with total compensation growing to $18.9 million, up 7% from the year prior.
Each CEO is set to get about $500,000 back from tax cuts, which could result in a combined $738 million in income tax savings for the AFL-CIO's Executive Paywatch database.
Fred Redmond, AFL-CIO secretary-treasurer, stated that the system is obviously broken, emphasizing that workers want to share in the benefits and profits they help to create.
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