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Jeff Bezos Makes the Median Amazon Salary Every 9 Seconds

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Fun facts link:
- Bezos’ net worth is equivalent to 0.85% of US GDP
- CEO pay has exploded in recent decades: The link was 25:1 in 1975, 112:1 in 1995, and 312:1 by 2017. link
- link also finds that CEO compensation has grown far faster than stock prices or corporate profits. CEO compensation rose by 1,070% between 1978 and 2017. Compare this to the 11% growth in typical worker's compensation over the same period.

Why does it matter? Acc to the link: "Regardless of how it is measured, CEO pay continues to be very, very high and has grown far faster in recent decades than typical worker pay. Higher CEO pay does not reflect correspondingly higher output or better firm performance. Exorbitant CEO pay therefore means that the fruits of economic growth are not going to ordinary workers. The growth of CEO and executive compensation overall was a major factor driving the doubling of the income shares of the top 1 percent and top 0.1 percent of U.S. households from 1979 to 2007. Since then, income growth has remained unbalanced. Profits and stock market prices have reached record highs while the wages of most workers have continued to stagnate.

Over the last several decades, CEO pay has grown much faster than profits, the pay of the top 0.1 percent of wage earners, and the wages of college graduates. CEOs are getting more because of their power to set pay, not because they are more productive or have special talents or more education"
posted over a year ago.
last edited over a year ago