CEO pay dipped in 2022 but remains enormous compared with the pay of other workers. CEOs are granted massive compensation packages by corporate boards because of their bargaining power, not because of their skills. CEOs’ exorbitant payouts have far outpaced the pay of typical workers over decades.    

Summary: CEO pay dipped in 2022 but remains enormous compared with the pay of other workers. CEOs are granted massive compensation packages by corporate boards because of their bargaining power, not because of their skills. CEOs’ exorbitant payouts have far outpaced the pay of typical workers over decades.

  • rudyharrelson@kbin.social
    4·
    1 year ago

    1978 was when baby boomers were entering their 30’s. Maybe that’s why the $58,680/yr figure sounds high. It’s my understanding that boomers made great money compared to newer generations (though I could be wrong about that; I’m no expert).