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CEO-to-worker pay ratio

CEO-to-worker pay ratio[edit]

For the first time in 2018, a U.S. Securities and Exchange Commission rule mandated under the Dodd–Frank Wall Street Reform and Consumer Protection Act requires publicly traded companies to disclose how their CEOs are compensated in comparison with their employees. In public filings, companies have to disclose their pay ratios, or the CEO's compensation divided by the median employee's.[144] According to SEC filings, JPMorgan Chase & Co. paid its CEO $28,320,175 in 2017, while the average worker employed by JPMorgan Chase & Co. was paid $77,799 in 2017, marking a CEO-to-worker pay ratio of 364 to 1.[145] As of April 2018, steelmaker Nucor represented the median CEO-to-worker pay ratio from SEC filings with values of 133 to 1.[146][importance?] On May 2, 2013, Bloomberg BusinessWeek found the ratio of CEO pay to the typical worker rose from about 20-to-1 in the 1950s to 120-to-1 in 2000.[147][importance?] Total 2018 compensation for CEO Jamie Dimon was $30,040,153, and total compensation of the median employee was determined to be $78,923; the resulting pay ratio was estimated to be 381 to 1.[148]

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