3 ms·
But is the calculation correct? For example according to these guys, the CEO of Aberocrombie & Fitch made $12 MM while the median worker made $1820, resulting i
by credit_guy 5y ago
But is the calculation correct? For example according to these guys, the CEO of Aberocrombie & Fitch made $12 MM while the median worker made $1820, resulting in a ratio of 6565:1 [1]
[1] https://aflcio.org/executive-paywatch/company-pay-ratios https://aflcio.org/executive-paywatch/company-pay-ratios
- hjalmaar 5y agoI'm curious what you think would be wrong with their calculations. A ratio of 299:1 will certainly include some large corporations with high ratios, but also many more smaller companies with substantially less revenue to pay their CEOs.
- credit_guy 5y agoHow can the median salary of an Aberocrombie employee be $1820? Per year. This is less than $1/hour, many times less than the minimum legal salary in the US. Out of curiosity, I just googled the average salary for Aberocrombie & Fitch. Indeed.com shows $23k for a “Stocking Associate” and $38k for a warehouse worker [1]. Hardly Silicon Valley-level salaries, but way above the bogus $1820 figure these guys used to get their 6565:1 ratio. [1] https://www.indeed.com/cmp/Abercrombie-&-Fitch/salaries https://www.indeed.com/cmp/Abercrombie-&-Fitch/salaries