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603 to 1: CEO-to-worker pay gap at low-wage companies

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Which CEOs had the highest pay?

Live Nation Entertainment CEO Michael Rapino had the biggest CEO pay check in 2022 after he earned $139 million, according to IPS.

The company also had the widest CEO-to-worker pay gap at 5,414-to-1, with workers’ median pay standing at $25,673.

Aptiv, a vehicle parts maker with federal government contracts, had the lowest median pay, just $8,139 for a full-time manufacturing worker in Mexico. Stanley Black & Decker reported the highest, $47,651, but did not disclose details about the location or status of its median workers.

Meanwhile, one in three workers are living paycheck to paycheck, according to a recent report. And workers are losing sleep due to money problems, according to another study.

‘Out-of-control CEO pay’

Now, the IPS is calling for the use of policies to “curb out-of-control CEO pay”.

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