The chief executive officers of America's largest companies were paid an average of $15.6 million in 2016, says a recent study by an economic research group. The Economic Policy Institute published the report written by Lawrence Mischel and Jessica Schieder. They say the average business leader’s pay was 271 times what an average worker earns at the companies they studied. This chief executive-to-worker pay ratio is smaller than it has been in the past few years. In 2014, the ratio was 299-to-1, according to the report. However, it is still much higher than the 20-to-1 ratio between chief executives and workers in 1965. In 1989, that difference was 59-to-1. In the last 30 years, the salaries of chief executive officers, or CEOs, has grown much faster than the pay of the average worker at the companies they oversee.
Title: Study: Boss Paid 271 Times More than Average Worker
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/ceo_salaries.m4a' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='Study: Boss Paid 271 Times More than Average Worker' data-article-id='2514'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='18750'>The chief executive officers of America's largest companies were paid an average of $15.6 million in 2016, says a recent study by an economic research group.</span> <span data-start-time='18750' data-end-time='26979'>The Economic Policy Institute published the report written by Lawrence Mischel and Jessica Schieder.</span> <span data-start-time='26979' data-end-time='38583'>They say the average business leader’s pay was 271 times what an average worker earns at the companies they studied.</span> <span data-start-time='38583' data-end-time='46958'>This chief executive-to-worker pay ratio is smaller than it has been in the past few years.</span> <span data-start-time='46958' data-end-time='55396'>In 2014, the ratio was 299-to-1, according to the report.</span> <span data-start-time='55396' data-end-time='66750'>However, it is still much higher than the 20-to-1 ratio between chief executives and workers in 1965.</span> <span data-start-time='66750' data-end-time='71813'>In 1989, that difference was 59-to-1.</span> <span data-start-time='71813' data-end-time='86292'>In the last 30 years, the salaries of chief executive officers, or CEOs, has grown much faster than the pay of the average worker at the companies they oversee.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/1996/ceo_salaries.jpg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=9043 data-hint-location='38583' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/what_does_chief_executive_officer_mean.m4a'>What does chief executive officer mean?</div><div class='choices' data-correct-choice='in charge of an organization'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/in_charge_of_an_organization.m4a'><span>in charge of an organization</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/publish_research.m4a'><span>publish research</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/hire_more_workers.m4a'><span>hire more workers</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/receive_a_larger_salary.m4a'><span>receive a larger salary</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=9044 data-hint-location='0' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/what_does_economic_research_study.m4a'>What does economic research study?</div><div class='choices' data-correct-choice='goods and services'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/pay_ratios.m4a'><span>pay ratios</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/minimum_wage.m4a'><span>minimum wage</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/goods_and_services.m4a'><span>goods and services</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/executive_salaries.m4a'><span>executive salaries</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=9045 data-hint-location='71813' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/chief_executive_officer_salaries__blank_.m4a'>Chief executive officer salaries <span class='blank'>have grown</span>.</div><div class='choices' data-correct-choice='have grown'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/published_a_report.m4a'><span>published a report</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/have_grown.m4a'><span>have grown</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/are_smaller_than_reported.m4a'><span>are smaller than reported</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1996/are_equal_to_workers.m4a'><span>are equal to workers</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>
Sound Name: https://news-app-production.s3.amazonaws.com/articles/1996/ceo_salaries.m4a
Preview
