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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsColorado CEOs earn in three days what the typical worker earns in a year, new disclosures show
It takes just three workdays, on average, for the CEO of a public company in Colorado to earn as much money as the typical worker at the same firm does in an entire year.
Thats because CEOs in Colorado earn 94 times the median annual pay of their employees, according to a Denver Post analysis of filings of nearly three dozen of the largest companies in the state.
Companies are reporting CEO pay ratios that highlight the gap between company leaders and employees for the first time this spring, based on last years pay numbers. In Colorado, those ratios range from a high of 814 times for Steve Ells, former CEO of Chipotle Mexican Grill, to zero for Dave Liniger, former co-CEO of Re/Max Holdings, who didnt take any pay at the real estate brokerage franchisor he founded after it went public in 2013.
The disclosures are the result of a law passed in 2010 during then-President Barack Obamas first term. It was controversial at the time companies argued it would be burdensome to calculate and difficult to use to draw meaningful conclusions and remains so today.
https://www.denverpost.com/2018/04/20/colorado-ceo-worker-pay-gap/
This is just totally fucked up..................
oberliner
(58,724 posts)BigmanPigman
(51,625 posts)He should get paid even more. Heroes are priceless. Don't get me started on overpaid sports players called "heroes" in this country.
Laffy Kat
(16,386 posts)It is honestly becoming too expensive for most of us to live here, let alone save any money. Criminal!