CEOs in U.S., India Earn the Most Compared With Average Workers

[f2wohf]

- Average annual pay for top U.S. executives was $14.3 million
- CEOs in India earn 229 times more than the average worker
- Chief executive officers in the U.S. are paid much better than their peers abroad, and the gap between their compensation and that of average American workers is wider than in other countries.

CEOs of the biggest publicly traded U.S. companies averaged $14.3 million in annual pay, more than double that of their Canadian counterparts and 10 times greater than those in India, according to a Bloomberg analysis that used benchmark stock indexes in 22 nations.


CEOs of companies listed in India’s Sensex Index still earn 229 times more than the average worker there, the second-biggest gap worldwide after the U.S.’s ratio of 265, according to a separate Bloomberg ranking. Norway and Austria have among the smallest margins. CEOs of companies in the Norwegian OBX Index got on average $1.28 million, roughly equal to the income generated by 20 people.


A company listed on a U.S. exchange must disclose the ratio between a CEO’s compensation and the pay of its median worker for any fiscal year starting on or after Jan. 1, 2017. Peter Simon, a German lawmaker in the European Parliament, proposed a similar ratio for banks, aiming to bring executive pay to a “more appropriate level.”

There are myriad reasons for compensation discrepancies between executives. The U.S. is home to several of the world’s largest corporations, which tend to pay more. Cost of living is often higher in North America and Western Europe than some parts of Asia. And even the mere disclosure of detailed figures can push pay higher as boards set CEOs’ compensation in line with their peers, said Tim Quigley, associate professor of management at the University of Georgia.


Bloomberg’s ranking of CEO pay against earnings across society bases income generated per person on gross domestic product per capita, adjusted for price-level differences between countries. It’s not a perfect measure: GDP measures just the value of goods and services produced, not how they were distributed.

Each country’s compensation figure is based on the average CEO pay package for companies in one major stock index, weighted by market capitalization. The pay, disclosed in public filings, includes salary, bonuses, perquisites and non-cash pay such as equity awards, deferred-compensation programs and pensions. Markets with pay data from fewer than 100 public companies or less than 50 percent of the benchmark index members were excluded.

https://www.bloomberg.com/news/arti...a-earn-the-most-compared-with-average-workers

 

[Johnatan56]

What would happen to the states if we removed Apple, Microsoft and Google?

 

[Neoprod]

Norway and Austria have among the smallest margins. CEOs of companies in the Norwegian OBX Index got on average $1.28 million, roughly equal to the income generated by 20 people.

Norwegians enjoy the second-highest GDP per-capita among European countries (after Luxembourg), and the sixth-highest GDP (PPP) per-capita in the world. Today, Norway ranks as the second-wealthiest country in the world in monetary value, with the largest capital reserve per capita of any nation.[117] According to the CIA World Factbook, Norway is a net external creditor of debt.[64] Norway maintained first place in the world in the UNDP Human Development Index (HDI) for six consecutive years (2001–2006),[8] and then reclaimed this position in 2009, through 2015.[20] The standard of living in Norway is among the highest in the world. Foreign Policy magazine ranks Norway last in its Failed States Index for 2009, judging Norway to be the world's most well-functioning and stable country. The OECD ranks Norway fourth in the 2013 equalised Better Life Index and third in intergenerational earnings elasticity.

Way to go, Norway.

 

[f2wohf]

Then you'd still have all these which are a few of the ones paid more than double the average. I guess the average wouldn't change much without Pichai. Nadella "only" earned $17 million last year and Cook $8 million.

James Peterson, Microsemi:
$28 million

Dion Weisler, HP:
$28.2 million

Meg Whitman, Hewlett Packard Enterprise:
$32.9 million

Bobby Kotick, Activision Blizzard:
$33.1 million

Safra Catz, co-CEO of Oracle:
$40.9 million

Mark Hurd, co-CEO of Oracle:
$41.1 million

Les Moonves, CBS
$68.6 million

Thomas M. Rutledge, Charter Communications
$98 million

Ginni Rometty, IBM
$96,764,750

Elon Musk, Tesla
$99,744,920

Marc Lore, Walmart U.S. E-commerce
$236,896,191

 

[Vrotappel]

Way to go, Norway.

Only R5 million people. Norway is the fifth-largest oil exporter and third-largest gas exporter in the world. Easy peasy.

 

[Neoprod]

Only R5 million people. Norway is the fifth-largest oil exporter and third-largest gas exporter in the world. Easy peasy.

That's an over-simplification...they're managing their country much better than the UAE, for example from a standard of living for the average citizen point of view.

 

[crackersa]

Smells like a liberal article.

 

[crackersa]

What would happen to the states if we removed Apple, Microsoft and Google?

Nothing.

 

[f2wohf]

Smells like a liberal article.

If you read properly, not even.