Business
business
J. Edward Moreno
8/8/24

CEOs now make 268 times as much as their workers, on average

The average CEO pay for S&P 500 company increased 6% in 2023 from the previous year, according to a report released Thursday by the AFL-CIO, a national trade union.

The average CEO pay for S&P 500 companies was $17.7 million, compared to an average of about $66,000 workers at those companies made. The average worker would have to had started making $66,000 per year every year since 1755 to earn what their made in one year, they point out.

Charter Communications, Delta Airlines, Johnson & Johnson and Starbucks were among those that gave their CEOs the most generous pay bumps at 470%, 256% and 117% respectively.

The employment cost index for workers in the private sector rose 4.1% year-on-year as of the second quarter of 2024, according to the Bureau of Labor Statistics.

"While corporate profits and stock prices surge, working people’s wages aren’t keeping up,” said Fred Redmond, secretary-treasurer of the AFL-CIO.

Charter was also among the companies with the widest pay disparity between the average worker and its CEO, with Chris Winfrey making 1,635 times more than his average employee.

Shares of Charter Communications are down about 7% year to date, leaving it in 399th place among S&P 500 constituents.

2024 Executive Paywatch

2024 Executive Paywatch

Charter Communications, Delta Airlines, Johnson & Johnson and Starbucks were among those that gave their CEOs the most generous pay bumps at 470%, 256% and 117% respectively.

The employment cost index for workers in the private sector rose 4.1% year-on-year as of the second quarter of 2024, according to the Bureau of Labor Statistics.

"While corporate profits and stock prices surge, working people’s wages aren’t keeping up,” said Fred Redmond, secretary-treasurer of the AFL-CIO.

Charter was also among the companies with the widest pay disparity between the average worker and its CEO, with Chris Winfrey making 1,635 times more than his average employee.

Shares of Charter Communications are down about 7% year to date, leaving it in 399th place among S&P 500 constituents.

More Business

See all Business
business
Max Knoblauch
9/12/25

Amazon is testing adding GM electric vans to its EV delivery fleet dominated by Rivian

Rivian may have some competition in its electric delivery van division: Bloomberg reports that Amazon is testing a small number of GM’s BrightDrop vans for its fleet.

According to Amazon, the test currently only includes a dozen of the vehicles. Amazon’s fleet also contains EVs from Ford, Stellantis, and Mercedes-Benz.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

Amazon Tests GM EV Delivery Vans in Bid to Meet Climate Goals

Amazon Tests GM EV Delivery Vans in Bid to Meet Climate Goals

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

GETTING
HOOKED
Chris Stokel-Walker9/12/25
Claire Yubin Oh
soup season
9/12/25
Shake Shack is launching a French onion soup... burger

The fast-casual chain will be hoping premium upsells can fatten up its profit margins.

Shake Shack French onion soup burger
business
Nia Warfield
9/11/25

Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

Exclusive | Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery

Exclusive | Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

Max Knoblauch
9/10/25
As tariffs take root, August new vehicle prices climb by the most in more than 2 years

According to data from Cox Automotive, 17 vehicle brands raised prices of their new vehicles by more than 3% in August.

Ford Issues Recalls On Some Of Its Mach-E Mustangs And Aviators

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2025 Sherwood Media, LLC