"The reason we ask for 40% pay increases is because in the last four years alone, the CEO pay went up 40%.
U.S. companies, in contrast, use grant date value of stock packages awarded to executives during the reporting year.
AdvertisementAdvertisementThat's because in some years, talking about a CEO's "realized pay" can obscure exorbitant pay packages approved by company boards.
AdvertisementAdvertisementThe CEOs of GM and Ford also saw their compensation packages peak in 2021, before declining slightly in 2022.
However you slice the numbers, the gap between CEO pay and rank-and-file workers at all three companies is gigantic.
Persons:
Mary Barra's, Shawn Fain, Fain, Mary Barra, James Farley, Jim Hackett, Stellantis, Carlos Tavares, Mike Manley's, Equilar, Tavares, That's, Manley, —, Harry Katz, Tesla, Elon
Organizations:
UAW, Service, United Auto Workers, Ford, GM, Netflix, Writers Guild of America, WGA, Comcast, Big Three, —, Motors, Chrysler, CBS, Big, General, AP, Equilar, Fiat Chrysler Automobiles, French PSA Group, Fiat Chrysler, Institute, Detroit, Cornell University, U.S
Locations:
Wall, Silicon, Stellantis, American, European