Comparing 10 Michigan CEO Salaries to Their Median Workers Wage

Congrats! Your Michigan employer just hit another whopping goal with the help of your team. Chances are this victory meant millions in profit for stockholders and suits alike. So, how will you be rewarded? With a bonus? Maybe some stock options? More than likely, you get neither of those, but in true corporate style, they may pick up a couple of Hot n' Readys, some warm two liters of pop (they'll forget to buy cups), and celebrate with a pizza party. Don't worry; chances are that a staggering $50 to $100 in pizza won't break the bank or even put a dent in the wallet of the company CEO.

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The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) compared the average yearly earnings of median workers at 10 Michigan companies listed in the S&P 500 to that of the same company's Chief Operating Officer's (CEO) salary (or equivalent) using year-end numbers from 2022. The disparity in pay is astronomical.

The Jaw-Dropping Pay Gap Between 10 Michigan Companies' Average Worker vs CEO

If you've been to the grocery store or the gas station or purchased anything recently, you're feeling the pinch of jacked-up prices throughout the State of Michigan, and you're not alone. Many of us have cut budget corners to make ends meet as prices soar and our income remains stagnant.

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While your financial frustration doesn't need additional fuel, you may feel a fiery response when you see how much 10 of Michigan's highest-paid individuals make compared to their average employees' annual earnings.