News

ICYMI: NEW STUDY SHOWS CEO PAY UP 18% TO $19 MILLION, AVERAGE WORKER GAINS “$0”

Economic Policy Institute Study Offers Damning Evidence of the Impact of the Trump Economy

SARASOTA — Grassroots advocacy group Floridians For a Fair Shake is highlighting a new report from the Economic Policy Institute that shows America’s largest companies saw their average CEO compensation surge to $18.9 million last year, an 18% increase over the previous year, while workers’ wages remained flat.

“This is further evidence that the Trump economy is all about serving millionaires, billionaires, and wealthy corporations,” said Stephen Gaskill, communications director of Floridians for a Fair Shake. “High flying CEOs pick up millions more and average worker salaries remain flat. It’s one more reminder that the #TrumpTax law gave working Florida families about $360, while Congressman Vern Buchanan got a multimillion dollar yacht.”

A selection of coverage is below:

The Washington Post: Elite CEO pay jumps to average $19 million, as fears mount over the wealthy pocketing gains

New York Magazine: CEOs are now 312 times more valuable to society than ordinary Americans

Business Insider: A new study found CEOs at America’s biggest companies raked in $19 million on average last year, while workers’ pay barely budged

# # #