Today’s final note comes to us courtesy of Bloomberg.
Remember the kerfuffle during and after the financial crisis about executive pay? How disconnected it seemed to be from A) reality and B) what regular people were making?
Bloomberg points out today that the rules designed to force disclosure of CEO salaries has been, well, held up in Congress. So it’s done some analysis of its own — see the chart here.
The CEO with the paycheck that’s the most removed from what his average employee makes?
Ron Johnson, who ran JCPenney for about a year-and-a-half until he was fired not too long ago. He made 1,795 times what a JCPenney clerk made.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.