Economy Now

Instant reaction and smart charts on economic trends.

CEOs earn 273 times the average worker

June 27, 2013: 10:53 AM ET

revised 130626082937-ceo-to-worker-pay-614xa

It pays to be the CEO.

The economic recovery has lifted the pay of chief executives back to pre-recession times, at least compared to the average worker in their industry, according to a new report from the Economic Policy Institute.

CEO-to-worker pay ratio is back up to 273, after falling to 193 in 2009.

Average CEO compensation was $14.1 million in 2012, according to EPI. The organization looks at the chief execs of the top 350 firms and includes the value of stock options exercised in a given year and compares it to the annual compensation of workers in the key industry of the firm.

But those in the corner office still have a ways to go before returning to the heydays of the tech boom. The ratio hit a high of 383 in 2000.

Join the Conversation
About This Author
Tami Luhby
Tami Luhby
Senior writer, CNNMoney

Tami Luhby is a senior writer at CNNMoney and covers income inequality, state fiscal problems, unemployment, housing policy and other economic issues. Luhby previously covered personal finance for Newsday and banking for Crain's New York Business.

Powered by VIP.