In the top 25 largest pay ratios for Greater Washington public company CEOs, you’ll find gaps of 100 to even more than 500 times the median employee pay at their companies.
In fact, 108-to-1 was the average pay ratio among the 76 public companies that reported the information in their annual proxy reports this year, though the lowest ratio was less than 4-to-1. Looking just at the top 25 largest ratios, the average was 229.4-to-1. This was at companies where the median employee pay ranged from $23,243 to $263,098. A variety of industries are represented in the group, but hospitality and technology have the strongest presence.
These are certainly big pay gaps, but they’re actually smaller on average than last year’s, when the average for all reporting companies was 113.6-to-1, and 237.2-to-1 for the top 25 largest.
The lowest pay ratio in all the reporting companies this year belonged to Fannie Mae, where former CEO Hugh Frater only made 3.8 times that of the median employee…
Read the full story from the Washington Business Journal.
