SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
10 Years of Study Shows Overpaid CEOs Underperform
As You Sow today released its 10th “100 Most Overpaid CEOs” list linking excessive CEO Pay to corporate performance.
This 10th list incorporates new compensation data and builds on the 9th report released in February 2023. In a year marked by labor strikes that use vast pay disparities to measure how workers are undervalued, investors and companies alike can use this tool to hold executives to higher standards of individual and corporate performance moving forward.
Key findings:
- Companies with the most overpaid CEOs have had lower returns to shareholders than the average S&P 500 company. The typical S&P 500 firm made 8.5% per year annualized from February 2015 to September 2023, the 100 Most Overpaid CEOs’ annual returns lagged at 7.9%, the worst 25 dragged at 6.0%, and the ten worst were behind at 6.5% per year. As a group, over a decade, overpaid CEOs underperformed.
- Total pay for the most overpaid CEOs continues to grow. When As You Sow compiled its first overpaid CEO list ten years ago, the average pay of the 10 Most Overpaid was $56 million. This year, the average of the top ten was $88 million, an increase over that time period of 59%.
- The 100 Most Overpaid CEOs list contains many repeat offenders and underperformers. Five companies on the list of those most frequent appearances had negative five-year total stock return (TSR): Discovery Communications, now part of Warner Brothers Discovery (10 of 10 times on the list); Fidelity National Information Systems (8 of 10 times on the list); and Walt Disney (9 of 10 times on the list).
Quotes from our experts:
Rosanna Landis Weaver, executive compensation program manager at As You Sow and lead researcher:
“The pay increase of the most overpaid CEOs is both infuriating and disheartening. It was also unnecessary for recruiting, retention, or competition. There are over 250 companies – half of the S&P 500 companies – that didn’t appear on these overpaid CEO lists in any of the past ten years. That undermines the ‘everyone is doing it, so we have to’ justification that boards often give when presenting outrageous pay packages. Last year, there were nearly 300 S&P 500 companies whose CEO’s total disclosed compensation was under $15 million.”
R. Paul Herman, CEO and founder of HIP (Human Impact + Profit) Investor Inc.:
“Besides lagging returns for investors, companies also missed an opportunity to strengthen employee pay, allocate funds to new innovations, or pay dividends to shareholders – all due to the effects of overpaid CEOs, which include distortion of corporate priorities and unfulfilled promises for expected higher performance. Boards, CEOs, and shareholders need to pay closer attention to avoid underperformance from overpaid CEOs, and rather pay more appropriate amounts for real results."
Robert Reich, professor, author, former Secretary of Labor, and co-founder of Inequality Media:
“The extraordinary increase in CEO pay is contributing to widening inequalities of income and wealth in America. Shareholders can and should take action on this. European pension funds have the right idea. U.S. pension funds need to step up.”
As You Sow is the nation's non-profit leader in shareholder advocacy. Founded in 1992, we harness shareholder power to create lasting change that benefits people, planet, and profit. Our mission is to promote environmental and social corporate responsibility through shareholder advocacy, coalition building, and innovative legal strategies.
LATEST NEWS
'Under Cover of Night,' GOP Unveils Plan to Kick Over 8 Million Off Medicaid
"This bill confirms what we've been saying all along: Trump and Republicans have been lying when they claim they aren't going to cut Medicaid and take away people's healthcare."
May 12, 2025
House Republicans late Sunday unveiled legislation that analysts said would rip Medicaid coverage from millions of low-income Americans—including children and people with disabilities—to help fund tax breaks that would disproportionately benefit the wealthy.
The bill text released by the House Energy and Commerce Committee is a section of the sprawling budget reconciliation package that Republicans are hoping to complete as soon as Memorial Day.
The legislation includes major changes to Medicaid that, if enacted, would kick millions from the program, including work requirements for some enrollees and new payment mandates for adults living above 100% of the federal poverty level—which, for a single individual, is $15,650 in annual income for 2025.
A snap analysis by the nonpartisan Congressional Budget Office estimates that the healthcare section of the new Republican bill would cut spending by at least $715 billion over the next decade and leave at least 8.6 million more people without insurance.
"Many of the Medicaid proposals from House Republicans are technical and wonky, and will be difficult for the public to absorb," said Larry Levitt, executive vice president for health policy at KFF. "What won't be difficult to absorb: CBO's estimate that the changes will increase the number of people without health insurance by at least 8.6 million."
"Taking healthcare away from children and moms, seniors in nursing homes, and people with disabilities to give tax breaks to people who don't need them is shameful."
With the stated goal of combating fraud, the GOP bill would implement a slew of new reporting and screening requirements to check Medicaid recipients' eligibility—changes that analysts said would ensnare many in procedural red tape, resulting in large-scale loss of coverage.
The measure's work requirement mandates at least 80 hours of work, community service, or related activities per month. Most Medicaid recipients already work, and previous work requirements at the state level have resulted in disaster.
The legislation also alters "cost-sharing requirements for certain expansion individuals under the Medicaid program." In plain terms, the bill would force certain Medicaid recipients to pay more for coverage, whether through premiums or other fees.
"If you make $20,000, a state might slap $1,000 of fees onto your Medicaid," Bobby Kogan, senior director of federal budget policy at the Center for American Progress, wrote in an analysis of the bill. "True sicko shit."
"My heart aches for the people whose lives will be ruined if this becomes law," Kogan added. "So it's our job to stop it."
Rep. Frank Pallone Jr. (D-N.J.), the top Democrat on the House Energy and Commerce Committee, said in a statement Sunday that "this bill confirms what we've been saying all along: Trump and Republicans have been lying when they claim they aren't going to cut Medicaid and take away people's healthcare."
"Let's be clear, Republican leadership released this bill under cover of night because they don't want people to know their true intentions," said Pallone. "In no uncertain terms, millions of Americans will lose their healthcare coverage, hospitals will close, seniors will not be able to access the care they need, and premiums will rise for millions of people if this bill passes."
"Taking healthcare away from children and moms, seniors in nursing homes, and people with disabilities to give tax breaks to people who don't need them is shameful," he added. "Democrats have defeated Republican efforts to cut healthcare before, and we can do it again."
Keep ReadingShow Less
Progressives Mark Mother's Day With Calls to 'Honor Our Moms With Action'
"Today on Mother's Day, let's remember every mother deserves a livable wage, affordable childcare, paid family leave, and the ability to retire with dignity," said Sen. Bernie Sanders.
May 11, 2025
As the Republicans who narrowly control both chambers of Congress plot cuts to programs that serve the working-class to pay for tax giveaways to the wealthy, progressive lawmakers on Sunday marked Mother's Day by renewing calls for policies that would improve the lives of U.S. families.
Congresswoman Rashida Tlaib (D-Mich.), founder of the Congressional Mamas' Caucus, said in a video shared to social media that "this Mother's Day, we're gonna fight to protect Medicaid, we're gonna fight for childcare, and we're gonna fight to make sure that our children have access to clean water."
Other representatives featured in the video also pledged to fight for federal programs, including Medicaid, which provides health coverage to low-income individuals; Head Start, which provides early childhood education and programming for working-class parents; and Supplemental Nutrition Assistance Program (SNAP), commonly called food stamps.
President Donald Trump's administration recently reversed course on Head Start cuts by leaving them out of the proposed fiscal year 2026 budget—at least for now—but, as USA Todaynoted earlier this month, "other preschool and after-school programs may be in jeopardy as the Republican-controlled Congress wrestles over the federal budget this summer."
As part of that budget battle, GOP lawmakers are targeting programs including SNAP and Medicaid. In a U.S. House of Representatives floor speech, Tlaib declared that "too often, mothers are left behind in this chamber."
"In the richest country in the world," the mother-of-two argued, "no mother should worry about feeding her children or affording basic care. Ending child poverty is a policy choice. I introduced the End Child Poverty Act to provide universal child benefit for every child in our country and cut child poverty by 60%. Paid leave, affordable childcare, and universal school meals should be guaranteed, not privileges."
Tlaib also noted the Black Maternal Health Caucus' Momnibus Act, a bill she co-sponsors that aims to address the nation's maternal health crisis, and a new Mamas' Caucus campaign to battle GOP efforts to cut hundreds of billions of dollars from Medicaid. She said that "this Mother's Day, I'm asking all of you to not only thank our mothers, but do it with action as we recommit to fighting for the dignity and health of every mother in our nation."
Like Tlaib, Rep. Jonathan Jackson (D-Ill.) used Mother's Day to recognize the U.S. maternal health crisis.
"As we honor our mothers, we must also recognize that too many are being failed by a system that should protect them," he said on social media. "In the U.S., Black women are nearly three times more likely to die from pregnancy-related complications than white women, regardless of income or education. The U.S. has the highest maternal mortality rate among developed countries. Over 80% of pregnancy-related deaths in the U.S. are preventable. This is unacceptable."
"We will continue fighting for mothers today, tomorrow, and every day for their right to safe, dignified care, bodily autonomy, compassionate treatment, and healthy equity in America," Jackson added.
Rep. Ro Khanna (D-Calif.) on Sunday advocated for his Child Care for America Act, which aims to make childcare $10 per day for families but raise the pay floor for industry workers to $24 an hour.
Khanna, Jackson, and Tlaib have all backed the fight for Medicare for All—and the related bill for that was reintroduced late last month by Sen. Bernie Sanders (I-Vt.) and Reps. Debbie Dingell (D-Mich.) and Pramila Jayapal (D-Wash.).
"Today on Mother's Day, let's remember every mother deserves a livable wage, affordable childcare, paid family leave, and the ability to retire with dignity," Sanders said Sunday. "America must become a nation which treats all mothers and their kids with the respect and dignity they deserve."
Sen. Elizabeth Warren (D-Mass.) honored her own mom on Mother's Day by resharing, in a series of social media posts, the story about how she supported their family by securing a minimum wage job.
"After my daddy had a heart attack, he couldn't work for a while. Bills piled up. We lost our family station wagon. It looked like the house would be next to go. At night, I'd overhear my parents talk, and that's when I learned words like 'mortgage' and 'foreclosure,'" she recalled. "One day, I walked into my parents' bedroom. My mother's face was red and puffy. A dress was laid out over the bedspread—the dress that only came out for weddings, graduations, and funerals."
"'We are not going to lose this house,' she kept saying. 'We are not going to lose this house.' She'd never worked outside the home. She was terrified," Warren continued. "But she knew what she had to do. I watched her put that dress on, put on her high heels, and blow her nose. She walked to Sears. She got a minimum wage job. And that minimum wage job saved our house and saved our family."
"Today, the federal minimum wage is $7.25 per hour—a wage that has not increased in over 15 years. With that, a family living on minimum wage is living in poverty."
The senator said that "this story is written on my heart. I'm remembering my mother's courage this Mother's Day. I'm thinking about all the mamas out there fighting for their families. And I'm thinking about all the ways the deck is stacked against mothers and families today. A mother today would not be able to work a minimum wage job and keep everyone afloat. Today, the federal minimum wage is $7.25 per hour—a wage that has not increased in over 15 years. With that, a family living on minimum wage is living in poverty."
"And, without quality, affordable childcare, mothers have been shoved out of the workforce," she noted. "They will feel the consequences—in lost earnings, in lower Social Security benefits—for the rest of their lives. And, notably, most women who get abortions today are already mothers. Many are working multiple jobs that don't pay enough to support their children. Abortion bans make it even harder for those families to make ends meet."
While GOP policymakers are working to restrict reproductive freedom and cut safety net programs, Warren made her priorities clear: "I'm working to give every mother and every family a fighting chance—and I'm in this fight all the way."
Keep ReadingShow Less
Trump Plan to Accept Lux Plane From Qatar Condemned as 'Comically Corrupt'
"This is spectacularly corrupt, a level of greed and depravity that is breathtaking, even for Trump."
May 11, 2025
U.S. President Donald Trump—no stranger to allegations of blatant corruption—faced an onslaught of criticism on Sunday in response to ABC Newsreporting that his administration is preparing to accept "what may be the most valuable gift ever extended to the United States from a foreign government."
Ahead of Trump's trip to Saudi Arabia, Qatar, and the United Arab Emirates, sources told ABC that the administration "is preparing to accept a super luxury Boeing 747-8 jumbo jet from the royal family of Qatar—a gift that is to be available for use by... Trump as the new Air Force One until shortly before he leaves office, at which time ownership of the plane will be transferred to the Trump presidential library foundation."
The unnamed sources also explained that "lawyers for the White House counsel's office and the Department of Justice drafted an analysis for Defense Secretary Pete Hegseth concluding that is legal for the Department of Defense to accept the aircraft as a gift and later turn it over to the Trump library, and that it does not violate laws against bribery or the Constitution's prohibition (the emoluments clause) of any U.S. government official accepting gifts 'from any king, prince, or foreign state.'"
"Even in a presidency defined by grift, this move is shocking. It makes clear that U.S. foreign policy under Donald Trump is up for sale."
ABC's revelations about the $400 million "flying palace" follow The Wall Street Journalreporting earlier this month that "the U.S. government has commissioned L3Harris to overhaul a Boeing 747 formerly used by the Qatari government... into a presidential jet."
The White House, Boeing, and L3Harris declined to comment on the Journal's report. Similarly, on Sunday, the White House, Justice Department, and a spokesperson for the Qatari Embassy did not respond to ABC's inquiries.
However, as The Associated Pressreported Sunday:
Hours after the news, Ali Al-Ansari, Qatar's media attaché, in a statement said, "Reports that a jet is being gifted by Qatar to the United States government during the upcoming visit of President Trump are inaccurate."
"The possible transfer of an aircraft for temporary use as Air Force One is currently under consideration between Qatar's Ministry of Defense and the U.S. Department of Defense," the statement said. "But the matter remains under review by the respective legal departments, and no decision has been made."
Amid the uncertainty, a range of people across the internet blasted the supposed plan, slamming it as "indefensible," "incredibly illegal," and "comically corrupt." Some critics pointed out that the reporting comes after the Trump Organization, the Saudi partner DarGlobal, and a company owned by the Qatari government last month reached a deal to build a luxury golf resort in Qatar.
Journalist Mike Rothschild said that "this is spectacularly corrupt, a level of greed and depravity that is breathtaking, even for Trump. Air Force One—the people's plane—is going to be a flying palace donated by Qatar. No American should accept this."
Some critics highlighted security concerns. One legal expert declared, "An emolument and security risk all wrapped up in one!"
Robert Weissman, co-president of the watchdog group Public Citizen, said in a statement that "Trump's plan to accept a luxury plane from Qatar is blatantly unconstitutional, a textbook violation of the emoluments clause. The concern with foreign gifts is that they can sway a president's policy and predilections—and there's little doubt that Qatar wants to gift Trump a 'palace in the sky' for exactly that reason."
Weissman continued:
"The legal counsel who advised that this gift is OK because Trump will take personal control of it (through his library) only after leaving office should resign immediately, in shame and disgrace. The situation is no different than if the Qataris gave $400 million in cash to Trump and told him to keep it under his bed until 2029, when he could spend it freely. Except possibly it's worse, because he will use the plane in the interim, at great cost to the U.S. taxpayer, who will have to upgrade it.
Even in a presidency defined by grift, this move is shocking. It makes clear that U.S. foreign policy under Donald Trump is up for sale. The juxtaposition with cancelled foreign aid grants and programs for poor and vulnerable people—cancellations that will cost millions of lives unless reversed—could not be starker or more morally grotesque.
"Is taking a gift from a foreign government this big a bribe or bad judgment? Or just Trump?" Congressman Mark Pocan (D-Wis.) asked on social media. "Wish the MAGA movement cared about ethics in their president."
Congressman Brendan Boyle (D-Pa.) said: "The level of corruption from President Trump and his White House is unlike anything we have ever seen in American history. It is appalling and criminal. Openly taking bribes."
Congressional Progressive Caucus Chair Greg Casar (D-Texas) noted that the reporting comes amid issues at the Federal Aviation Administration (FAA).
"While ordinary Americans' flights are grounded because of problems at the FAA, Trump is taking a $400 million bribe in the form of a 'palace in the sky' from a foreign government," Casar said. "Over and over: He gets paid. Everyone else gets screwed."
This article has been updated with comment from Ali Al-Ansari, Qatar's media attaché.
Keep ReadingShow Less
Most Popular