CEO pay was 354 times that of the average worker last year, according to the AFL-CIO’s new Executive PayWatch database. The labor group asserts that this is “by far the largest pay gap in the world.”
In 2012, the chief executives of some of the country’s largest companies earned an average of $12.3 million in compensation compared to the average worker who took home a salary of $34,645.
“American chief executives continued to do very well for themselves last year, while workers struggle to make ends meet,” said Richard Trumka, president of the AFL-CIO. “We are calling out the hypocrisy of rich CEOs who have the gall to ask for corporate tax cuts to be paid for by squeezing the retirement security of working America. The American public deserves to know the truth about their self-serving agenda.”
Here is a direct link to the video report.