It’s no secret that the top 10 highest paid CEOs earn a lot more than the average American worker, but the extent to which is the case may still surprise you. A new study found it takes weeks for the average worker to earn what they earn in only five minutes. Here are the top 10 highest paid CEOs and how much they earn in five minutes.
Top 10 highest paid CEOs
According to Gigacalculator, number 10 on the list of the top 10 highest paid CEOs is Douglas Ingram of Sarepta Therapeutics, who makes $1,801 every five minutes. To match that amount, the average American worker would have to work one week, four days and five hours.
In ninth place is Microsoft CEO Satya Nadella, who makes $1,982 in five minutes. The average worker would have to work two weeks and five hours to match that.
Sundar Pichai earns $2,209 in five minutes, and it would take the average worker two weeks, one day and six hours to make that much.
Number seven on the list of the top 10 highest paid CEOs is Robert Swan of Intel, who earns $2,539 in five minutes. It takes the average worker two weeks, three days and five hours to earn that.
Jonathan Gray of Blackstone earns $2,760 in five minutes. It takes American workers two weeks, four days and six hours to match what he earns in five minutes.
Chewy CEO Sumit Singh earns $2,773 in five minutes, and it would take the average American worker two weeks, four days and seven hours to earn that.
Joseph Ianniello of Viacom CBS earns $2,989 in five minutes. It takes American workers three weeks and four hours to earn that amount.
Believe it or not, Charter Communications CEO Tom Rutledge is high up on this list of the top 10 highest paid CEOs, earning $3,000 every five minutes. The average worker would have to work three weeks and one day to match what he earns in five minutes.
Number two on this list isn't much of a surprise. Apple CEO Tim Cook earns $3,429 in five minutes. It takes the average American worker three weeks, three days and three hours to earn that much. Cook can purchase three iPhone 12s with hour much he earns in five minutes.
Finally, number one on this list of the top 10 highest paid CEOs is Tesla CEO Elon Musk, who earns an astonishing $15,263 in five minutes. It would take the average American worker 16 weeks, one day and four hours to earn that much. To put that into further context, Musk can buy 90 return flight tickets for New York to San Francisco with what he earns in five minutes.
Americans don't think CEOs should be paid that much
According to Gigacalculator, 84% of Americans believe it is unjustified for major CEOs to be paid millions of dollars every year, while 16% say it is justified. Seventy-three percent of Americans don't understand what CEOs do every day to warrant being paid millions of dollars a year.
Additionally, 65% of Americans want CEOs to be more transparent about what they do, and 88% feel the income disparity between CEOs and average workers is "too wide" and must "shrink" dramatically in the next five years.
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