ALJAZEERA: In 2013 the average American CEO was paid 331 times what the average worker in the United States earned and 774 times what full-time minimum wage workers made, according to a new analysis released Tuesday by the AFL-CIO, the nation’s largest labor union.
Chief executives took home on average a haul of about $11.7 million in 2013, while the average employee earned $35,293.
To calculate the CEOs’ earnings, the AFL-CIO relied on filings with the Securities and Exchange Commission as well as the website Salary.com, which provides compensation figures for chief executives for 3,000 firms. Data about workers’ wages were drawn from the Bureau of Labor Statistics… (more)
