August 18, 2020

CEO Pay Surged Upward in 2019

CEO pay was up in 2019!

The average big company CEO now makes 320 times as much as the average worker. That doesn’t yet match the glorious heights reached at the end of the dotcom boom, but it’s getting there—and 2020 is looking good so far.

Just imagine: as recently as 1990, CEO pay was only about 60 times that of the average worker. That’s only 30 years ago. If a big time CEO was paid that amount today he’d be the laughingstock of his country club.

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WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

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