Saturday, August 29, 2015

What's the top CEO-to-worker pay gap? 1,951 to 1, study says

By Samantha Masunaga
Aug. 25, 2015

Discovery Communications topped a list of companies with the largest pay difference between their chief executives and median workers, according to a new study by jobs and recruiting company Glassdoor.

The ratio between CEO David M. Zaslav's pay and the median pay of Discovery workers is 1,951 to 1, according to the study. In 2014, Zaslav made $156 million (156,000,000), while median pay was $80,000.


Chipotle Mexican Grill Inc. came in second, with a pay ratio of 1,522, and CVS Health was third with a ratio of 1,192.

In a statement, CVS spokesman Michael DeAngelis said annual compensation for its CEO and other executives is “in line” with industry standards, and “closely reflects” the company’s financial performance and success.
[Which implies their workers are underpaid.]


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