In 2024, the AFL-CIO's Executive Paywatch report revealed significant pay disparities at Abercrombie & Fitch and Starbucks. Abercrombie's CEO Fran Horowitz earned $17 million, while the median worker made just $2,531, leading to a ratio of 6,731 to 1. Similarly, Starbucks CEO Brian Niccol earned $95.8 million, 6,666 times the median worker's pay of $14,674. The report emphasized that these gaps are extreme, especially considering that the average S&P 500 CEO made 285 times more than their median employee. Both companies employ a large number of hourly workers.
Abercrombie & Fitch's CEO earned $17 million in 2024, which is 6,731 times more than the median worker's salary of $2,531. This data reflects extreme pay disparities.
Starbucks CEO Brian Niccol made $95.8 million in 2024, translating to 6,666 times the median worker's pay of $14,674, highlighting substantial income inequality.
The AFL-CIO's Executive Paywatch report indicates that Abercrombie & Fitch and Starbucks have the largest CEO-to-median-worker pay ratios, significantly exceeding industry norms.
The average CEO compensation among S&P 500 companies in 2024 was 285 times greater than that of the median worker, demonstrating ongoing issues of equity in pay.
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