A CEO is worth 62 presidents

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


Sure, corporate profits and stock prices boomed in the 90s, but the real growth story was in CEO salaries. Your average corporate exec’s paycheck swelled by 535 percent in the last 10 years — more than four times the growth rate of profits of the companies they run, according to a new study from UNITED FOR A FAIR ECONOMY.

Recent Must Reads

8/31 – Gee, your lawn smells terrific

8/30 – Catch a speeding Gore

8/29 – Lone Star lockdown

8/26 – Black rhinos buy the farm That unhappy portion of the citizenry that doesn’t hold keys to executive washrooms, of course, made out considerably worse. The average workers’ pay rose only 32 percent in the 90s. If salaries for normal folks had risen at the same rate as those of CEOs, production workers would be pulling in $114,035 a year, and the minimum wage would be $24.13 an hour. But at least ordinary-wage slaves aren’t the only ones being left in the dust: CEOs today also make 62 times the salary of the President of the United States.

Dear Reader,

This feels like the most important fundraising drive since I've been CEO of Mother Jones, with staggeringly high stakes and so much uncertainty. In "News Is Just Like Waste Management," I try to unpack the reality we all face and how we can rise to the challenge. If you're able to, this is a critical moment to support Mother Jones’ nonprofit journalism: We need to raise $400,000 to help cover the vital reporting projects we have planned, and right now is no time to pull back.

Monika Bauerlein, CEO, Mother Jones

payment methods

Dear Reader,

This feels like the most important fundraising drive since I've been CEO of Mother Jones, with staggeringly high stakes and so much uncertainty. In "News Is Just Like Waste Management," I try to unpack the reality we all face and how we can rise to the challenge. If you're able to, this is a critical moment to support Mother Jones’ nonprofit journalism: We need to raise $400,000 to help cover the vital reporting projects we have planned, and right now is no time to pull back.

Monika Bauerlein, CEO, Mother Jones

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate