CEO pay remains stratospheric, even at companies battered by pandemic

CEO pay remains stratospheric, even at companies battered by pandemic

3 years ago
Anonymous $4BDEsVAtYS

https://www.siliconvalley.com/2021/04/26/ceo-pay-remains-stratospheric-even-at-companies-battered-by-pandemic-2/

The coronavirus plunged the world into an economic crisis, sent the U.S. unemployment rate skyrocketing and left millions of Americans struggling to make ends meet. Yet at many of the companies hit hardest by the pandemic, the executives in charge were showered with riches.

The divergent fortunes of CEOs and everyday workers illustrate the sharp divides in a nation on the precipice of an economic boom but still racked by steep income inequality. The stock markets are up and the wealthy are spending freely, but millions are still facing significant hardship. Executives are minting fortunes while laid-off workers line up at food banks.