"The economic effects from the pandemic may place more pressure on investors to reevaluate the pay packages of CEOs in the future. But for the time being, "we are simply getting wealthier CEOs," according to an annual report from the nonprofit shareholder advocacy group As You Sow.
For its report, As You Sow evaluated the most "overpaid" CEOs of S&P 500 companies. The nonprofit used data to compute what CEO pay would be assuming such pay is related to total shareholder return. In its methodology, a ranking of companies by excess CEO pay and by shareholder votes on CEO pay are weighted at 40 percent. The final ranking based on CEO-to-worker pay ratio is weighted at 20 percent. Find the full methodology here.
As You Sow notes some CEOs may no longer hold the positions listed below, as the rankings were calculated using data made available before June 30, 2020."
NOTE: Alabama being the poor state that it is, I didn't find any Alabama facilities mentioned in this list, but CVS is on it...and there is no shortage of their stores here.
Larry Merlo (CVS Health)
Pay: $36.5 million
CEO-to-worker pay ratio: 790:1
Excess pay: $24.3 milli
The full list is HERE.
No comments:
Post a Comment