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Corporate Greed and the Surprising Post-Pandemic CEO-to-Employee Pay Ratio
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The CEO pay ratio increased by 26% in 2023, with executives earning 251 times the average employee salary. Additionally, female CEO compensation dropped by 26%, while male CEOs saw a 17% pay rise. In this week’s episode, we break the rhythm and unpack these troubling trends.
Drawing on statistics and insights from Harvard and Forbes, we’ll discuss the stark rise in CEO compensation post-pandemic while average employee salaries continue to decline. We’ll also discuss emerging concepts like "greedflation" and "shrinkflation" with examples from companies like Amazon, Walmart, and Procter & Gamble.
The conversation will challenge you to question corporate leadership and societal responsibility in light of these disturbing trends. Listen to this prelude and tune in next week as we analyze a real-world case of corporate greed, exposing the extremes of leadership failures and their ripple effects.
In this episode:
- Exploring CEO pay trends and disparities with employee earnings
- The concepts of greedflation and shrinkflation
- The role of leadership in corporate decisions
- The complexity of corporate greed
Resources Mentioned in the Episode:
An Early Look at CEO Pay Trends From Proxy Season 2024: https://corpgov.law.harvard.edu/2024/04/18/an-early-look-at-ceo-pay-trends-from-proxy-season-2024/
'Greedflation’ Statistics & Trends 2024: https://www.forbes.com/advisor/credit-cards/greedflation-statistics-2024/
Get in Touch:
Website: https://www.mammothleadershipsciences.com
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