""CEOs that 60 years ago might have been making four to six times more than what the workers are receiving, the last figure I saw, it's 600 times more than what average workers are receiving," he told Catholic news site in an interview released Sunday. "Yesterday, the news that Elon Musk is going to be the first trillionaire in the world: What does that mean and what's that about? If that is the only thing that has value anymore, then we're in big trouble.""
"While Pope Leo is entitled to an over $400,000 yearly salary, on par with U.S. presidents and university chancellors, his concerns reflect broader anxiety about executive compensation. Among the 100 S&P 500 corporations with the lowest median worker pay, the average CEO compensation hit $17.2 million in 2024 as compared to an average median worker pay of $35,570, according to the Institute for Policy S"
Soaring executive pay has dramatically widened the gap between CEOs and average workers, with ratios rising from roughly 4–6 times to about 600 times in recent figures. A proposed $1 trillion Tesla pay package for Elon Musk is conditional on eightfold company growth over the next decade. CEO compensation among S&P 500 firms with the lowest median worker pay averaged $17.2 million in 2024, while median worker pay averaged $35,570. Many billionaire signers of The Giving Pledge lag in philanthropic fulfillment. Public concern centers on the social and economic risks of extreme executive pay.
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