CEO Compensation and America's Growing Economic Divide
It's no longer a secret to the average American that the CEOs of major U.S. corporations regularly pull in millions of dollars on an annual basis. Average annual pay for these company leaders sits at over $17 million — and that’s nothing compared to the billions that upper-echelon leaders like Jeff Bezos, Mark Zuckerberg and Elon Musk earn.
For decades now, CEOs have been raking in salaries that the average employee could only dream of. But as millions of Americans struggle with the far-reaching effects of the COVID-19 pandemic, many are beginning to question whether the ever-widening economic gap between CEOs and average American workers has gotten out of hand. Just how much is too much when it comes to excessive CEO compensation?