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Should CEOs get paid a few hundred times more than their average workers?
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Alphabet chief executive Sundar Pichai was awarded over US$225 million in 2022, or 800 times more than the company's median salary.
PHOTO: REUTERS
Jeff Sommer
It’s good to be the boss in the United States. The work can be demanding and full of stress. But you get paid more than everybody else – vastly more, as the latest numbers remind us.
We know how much more bosses are paid because every year, thanks to the Dodd-Frank law of 2010, publicly traded US firms must reveal to their shareholders a trove of information about their top executives’ compensation.
