July, 20 2017, 09:45am EDT
Top CEOs Took Home 271 times More Than the Typical Worker in 2016
WASHINGTON
In CEO pay remains high relative to the pay of typical workers and high-wage earners, EPI President Lawrence Mishel and research assistant Jessica Schieder examine trends in CEO compensation using two comprehensive measures--tracking the value of both stock options realized and stock options granted.
Including the value of stock options that have been cashed in, CEOs of America's 350 largest firms made an average of $15.6 million in 2016 (down slightly from $16.3 million in 2015), or 271 times more than a typical worker in 2016. Because the decision to realize, or cash in, stock options tends to fluctuate with stock market trends, Mishel and Schieder also track a CEO compensation measure that reflects the value of the options at the time they are granted. By this measure, CEO compensation rose to $13.0 million in 2016, up from $12.5 million in 2015.
"It is unclear whether the recent decline in CEO pay is the beginning of a new trend, or simply due to stock market fluctuations," said Mishel. "What is clear is that CEO pay is still dramatically higher than it's been in the past, and far higher than the pay of typical workers, college graduates, or even the top 0.1 percent of wage earners."
While the CEO-to-worker compensation ratio of 271-to-1 is down from 299-to-1 in 2014 and 286-to-1 in 2015, it is still far higher than the 20-to-1 ratio in 1965 or the 59-to-1 ratio in 1989.
Importantly, top CEO's were paid significantly more than the average college graduate, and 5.33 times more than the average worker in the top 0.1 percent of wage earners. The fact that CEO compensation has grown far faster than that of other very high earners in the top 0.1 percent is evidence that CEO compensation does not reflect the increased value of talent in a competitive marketplace, but rather the power of CEOs to extract concessions.
"CEO pay drives up compensation for other executives, and is a major driver of inequality," said Mishel. "Simply put, money that goes to the executive class is money that does not go to other people. Rising executive pay is not connected to overall growth in the economic pie. We could curtail the explosive growth in CEO pay without doing any harm to the economy."
If CEOs earned less or were taxed more, there would be no adverse impact on output or employment. Mishel and Schieder suggest several measures that would limit the ability and incentive of CEOs to extract economic concessions--without hurting the economy--including:
- Reinstating higher marginal income tax rates at the very top.
- Removing the tax break for executive performance pay.
- Setting corporate tax rates higher for firms that have higher ratios of CEO-to-worker compensation.
- Allowing greater use of "say on pay," which allows a firm's shareholders to vote on top executives' compensation.
Each measure of CEO compensation incorporates the value of stock options and includes salary, bonuses, restricted stock grants, and long-term incentive payouts. "Stock options realized" values stock options as the value of options exercised that year, while "stock options granted" incorporates the value of stock options granted that year. Full methodological details for the construction of EPI's CEO compensation measure, comparisons to the pay of workers, and benchmarking to other studies can be found on EPI.org.
EPI is an independent, nonprofit think tank that researches the impact of economic trends and policies on working people in the United States. EPI's research helps policymakers, opinion leaders, advocates, journalists, and the public understand the bread-and-butter issues affecting ordinary Americans.
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As Extreme Heat Bakes US, 160+ Global Groups Demand 'Real' Climate Action
"Reject false solutions, such as natural gas, mega-dams, geoengineering, bioenergy, forest offsets, carbon trading schemes, nuclear energy, biodiversity credits, and carbon capture and storage."
Jun 23, 2025
As about 265 million people across the United States face advisories for this week's "climate change-driven heatwave," over 160 groups from 45 countries on Monday collectively called for "real" and urgent action to "keep global warming below 1.5ºC to preserve a healthy and livable planet for ourselves and future generations."
The "call to action" was released as United Nations climate meetings are wrapping up in Bonn, Germany, and in anticipation of the next U.N. Climate Change Conference (COP30), set to be held in Belém, Brazil in November.
The joint call was published on the first day of the virtual Global Women's Assembly for Climate Justice: Path to COP30 and Beyond, organized by the Women's Earth and Climate Action Network (WECAN) International.
"For too long, science-based climate solutions have been sacrificed on the altar of capitalism."
"The climate crisis is not just an environmental crisis—it is a crisis of justice, of society, and of humanity itself. How we respond, and who is centered in that response, matters profoundly," said WECAN founder and executive director Osprey Orielle Lake in a statement. "We are calling for systemic transformation—one that delivers climate, social, and economic justice for all generations."
"While governments and corporations push us deeper into climate chaos, movements around the world are rising," she noted. "From every corner of the Earth, women leaders are coming together with solutions and strategies to defend our planet and our communities. We call on governments and financial institutions to heed their voices and ensure effective and equitable policies—from Bonn to Belém and beyond. We must rise boldly, because climate change is not waiting for politics. Our movements are not bending. We are not breaking. We are defining and building a healthy and just future for all."
The new call to action points out that "last year, the world breached this threshold with global average temperatures exceeding 1.5ºC above preindustrial levels. This alarming milestone is not yet a permanent breach of the Paris agreement guardrail, which refers to long-term warming, although scientists predict that 2024 will be the first of a 20-year period reaching 1.5ºC warming."
"Although the pathway is drastically narrowing, the International Energy Agency affirms that the goal of the Paris agreement is still attainable," the publication continues. "Scientists assert that limiting global warming to 1.5ºC will require significant and urgent action from governments and financial institutions."
Specifically, the coalition outlined 10 broad actions for governments and financial institutions, beginning with urging both the public and private sectors to end fossil fuel expansion and extraction, and to "reject false solutions, such as natural gas, mega-dams, geoengineering, bioenergy, forest offsets, carbon trading schemes, nuclear energy, biodiversity credits, and carbon capture and storage."
The collective also called for accelerating a just transition, promoting women's leadership and gender equity, protecting the rights of Indigenous peoples, safeguarding forests and biodiversity, preserving oceans and freshwater, advancing food security and sovereignty, implementing the Rights of Nature, providing robust climate finance, and cutting off financial institutions' support for "harmful projects and redirecting resources into climate solutions."
STARTING SOON! The first day of the Global Women's Assembly for Climate Justice: Path to COP30 and Beyond is kicking off today at 1:00 PM EDT! Join us via Zoom for interpretation and chat moderation or be welcome to watch live on Facebook and Youtube! tinyurl.com/CJ-2025
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— WECAN International (@wecan-intl.bsky.social) June 23, 2025 at 11:49 AM
In addition to WECAN, signatories include Amazon Watch, Journalists for Human Rights, MADRE, MoveOn.org, Public Citizen, Rainforest Action Network, Turtle Island Restoration Network, Urgewald, and over 100 other organizations.
"For too long, science-based climate solutions have been sacrificed on the altar of capitalism," said Zukiswa White, a project specialist and social justice consultant, and speaker at the WECAN assembly. "Corporations, financial institutions, and governments have criminalized and penalized those fighting to defend life, protect the integrity of the planet, and fight for climate action. All this, while the wealthy elite profit off of extracting and burning our planet's resources."
"If we are to prevent the worst of climate change—a crisis that is already impacting most people on the planet—we demand that we insist on a different path," White continued. "Choosing to keep the status quo is neither a coincidence nor is it our inevitable destiny. Rather, it is a political choice. So too is upholding systems that violate planetary boundaries. To counter this, we must center the work of frontline leaders and experts around the world—move into implementation of policies that not only halt climate devastation, but also champion democratic, gender transformative, and community-based solutions."
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California Leaders Push Back on 'Masked Abductions' by ICE, CBP
"Men dressed in tactical gear, operating unmarked vehicles without displaying credentials or agency affiliation, have infiltrated our neighborhoods," said Huntington Park Mayor Arturo Flores.
Jun 23, 2025
As U.S. President Donald Trump's "mass deportation" crusade continues, a mayor in Los Angeles County is calling on his city's police department to intervene, citing what he described as increasingly lawless conduct by federal immigration officers.
Arturo Flores, the mayor of Huntington Park, issued a statement on Saturday condemning what he called "masked abductions" by Immigration and Customs Enforcement (ICE), which has spent the past month raiding workplaces, farms, and homes as part of the Trump administration's efforts to ramp up the deportation campaign.
"These are not lawful arrests. These are abductions," said Flores. "For more than a week, we have witnessed families being torn apart, children left without parents, and residents vanishing without explanation. Men dressed in tactical gear, operating unmarked vehicles without displaying credentials or agency affiliation, have infiltrated our neighborhoods in direct violation of our community’s values, civil rights, and the basic principles of due process."
Flores formally ordered the Huntington Park Police Department "to begin verifying the identities and authority of any individuals conducting such operations within city limits" and to enforce vehicle codes requiring cars to have visible license plates and agency markings.
On June 12, Huntington Park was turned into a national spectacle when it was targeted for a high-profile raid attended by Kristi Noem, Secretary of the Department of Homeland Security. The DHS chief arrived with a squadron of masked, armed federal agents at a home DHS claimed was occupied by a dangerous criminal. But when they stormed the home with rifles, the only people inside were a pregnant mother and her four kids—all U.S. citizens.
The family was not arrested, but Flores said he has since received several reports of masked and unidentified federal officers snatching people off the streets in broad daylight.
"These actions have sparked rumors of unauthorized vigilantes or bounty hunters operating under the guise of federal enforcement, have triggered widespread fear and confusion throughout the community," he said.
Mayors across the country have issued strong condemnations to ICE's actions in their communities, while some have said they'd refuse to cooperate with federal immigration raids. However, Flores is one of very few who have gone a step further, urging local officers to intervene in situations where federal officers violate the rights of those they detain.
"This is not immigration enforcement. This is state-sanctioned intimidation," said Flores.
That sense of intimidation is spreading through communities across the Los Angeles area. As The Guardian reported on Saturday, the crackdown has left some of Los Angeles' Latino neighborhoods resembling "ghost towns" where people are afraid to leave their homes for fear of being snatched off the street next.
The sight of masked, unidentified officers in plain clothes abducting people without identifying themselves or giving any explanation for their arrests has become an increasingly common sight all across the United States as the Trump administration has turbocharged its efforts to round up undocumented immigrants, the majority of whom have no criminal records.
Though there is no federal statute requiring federal officers to identify themselves, past leaders of these agencies told CNN that masking has historically been reserved for highly sensitive work, like undercover operations.
"The way that they're carrying on without any visible identification—even that they're law enforcement, much less what agency they're with—it really is pretty unprecedented to see at this scale, and I think it’s very dangerous," said Scott Shuchart, a senior ICE official during the Biden administration.
Many videos have circulated of officers violating detainees' rights in flagrant ways while under the cover of anonymity.
On Saturday, multiple masked Customs and Border Protection officers were filmed brutally beating 48-year-old Narciso Barranco, the father of three U.S. Marines, in an IHOP parking lot in Santa Ana.
(Video: KTLA5, via @santaanaproblems on Instagram)
Video has spread across social media of officers forcing Barranco to the ground, striking him in the head at least six times, and kneeling on his neck, pushing his face onto the concrete before dragging the man, frightened and bloody, into an unmarked white van. According to Barranco's sons, he is undocumented, but has no criminal record.
Rep. Pramila Jayapal (D-Wash.) has called for the incident to be investigated.
"This is horrific, unacceptable violence by ICE—an increasingly rogue agency with zero respect for the law," she said.
In response to the attack on Barranco and others like it, two Bay Area legislators, state Sens. Scott Wiener (D-11) and Jesse Arreguín (D-7), introduced a bill on Monday that would require law enforcement at all levels, including federal, to identify themselves and bar them from wearing masks.
"People covering their faces, impersonating police officers—it erodes trust in law enforcement and it undermines community safety," Arreguín said.
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Iran Targets Qatar Base Used by US Military in Retaliation for Unprovoked Trump Attack
Sources also said Iran launched at least one missile at a U.S. base in Iraq.
Jun 23, 2025
Loud explosions were heard over Qatar's capital Doha Monday as Iran launched missiles targeting a military base in the Gulf nation used by U.S. forces and another American installation in Iraq in retaliation for last week's illegal and unprovoked bombing of Iranian civilian nuclear strikes ordered by President Donald Trump.
An unnamed Israeli source toldAxios that at least 10 missiles were launched toward Qatar and one at Iraq. The attack on Qatar targeted al-Udeid Air Base, located approximately 20 miles outside Doha. More than 8,000 U.S. troops are stationed at al-Udeid, which also hosts Qatari, British, and other forces.
Iranian officials said they launched the same quantity of missiles as the number of bombs used in the U.S. strikes on Iran's nuclear sites on Saturday.
Iran fires ballistic missiles at US military bases in Qatar.Explosions seen over Doha.The US deployed THAAD systems in Qatar in anticipation of Iranian attacks.
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— Adam Schwarz (@adamjschwarz.bsky.social) June 23, 2025 at 9:48 AM
Iran's Islamic Revolutionary Guard Corps said that "following the blatant military aggression of the criminal regime of the United States of America against the peaceful nuclear facilities of the Islamic Republic of Iran and the clear violation of international law" IRCG "has targeted the Al-Udeid base in Qatar with a devastating and powerful missile attack."
An announcement on Iranian state media called the attack "a mighty and successful response by the armed forces of Iran to America's aggression."
However, there have not yet been any reports of casualties or damage at al-Udeid or any other U.S. base. There have also not been any reports of U.S. military response.
The New York Times reported that Iran warned the U.S. of the imminent attack. Iran's apparently symbolic retaliation was similar to Tehran's response to the 2020 Trump-ordered assassination of IRGC commander Qasem Soleimani and likely meant to give both sides a deescalatory offramp, experts said.
The Qatari Ministry of Defense said the country's air defenses "successfully intercepted a missile attack targeting al-Udeid Air Base."
Qatar, which enjoys good relations with Tehran, condemned the Iranian attack and stressed that it "reserves the right" to respond "directly" and "in line with international law."
Monday's developments came amid Israel's ongoing U.S.-backed wars on Iran and Palestine and Iran's retaliatory missile strikes on Israel.
Responding to the Iranian retaliation, Trita Parsi, executive vice president at the Quincy Institute for Responsible Statecraft, said on X that "there is a scenario, similar to the 2020 strikes against Iraqi bases, in which both sides call it quits after one round of fire."
"But I find that scenario unstable because of the Israeli element," he continued. "Israel will continue to strike Iran and vice versa, and as long as that is the case, the Israelis will continue to put relentless pressure on Trump to join the war in various ways."
"None of this would have happened had Trump rejected the first step that Israel pushed him to take—shifting his red line to 'zero enrichment,'" Parsi asserted. "That misstep deliberately set up a cascade of events that predictably led to this current war."
"Trump's only exit out of this is to discard the Israeli red line of zero-enrichment and return to the American red line of no weaponization," he added.
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