When we consider all US ‘chief executives,’ the ‘CEO-to-worker pay ratio’ falls from 331:1 to below 4:1
According to both the BLS and the Census Bureau, there are more than 7 million private firms in the US, so the samples of 300-350 firms for CEO pay represent only one of about every 21,500 private firms in the US, or about 1/200 of 1% of the total number of US firms. And yet the AFL-CIO, Financial Times, AP, the WSJ and others compare the average annual wages of hundreds of millions of full-time employees working at the more than 7 million US companies to the CEO pay of executives at only several hundred companies, which is hardly a fair comparison.
Fun with numbers!
(Roccus is taking NO side whatever in this discussion)
I have to call BS on this.
You cite about 7.5 million CEOs. I am sorry but if you include every couple with a hot dog stand where one is CEO, it simply has no meaning. None.
At some point you have to qualify something, such as CEOs with a minimum of 50 employees. A table at the Flea Market where Dad is CEO of a baseball card “corporation” with anet worth of $900 just skews the numbers to where the discusdion has lost all meaning.