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<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>
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