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A new report compiling the salaries of some of the wealthiest CEOs in the world has revealed the true extent of the wage disparity between bosses and their average workers.
The Executive Paywatch report, conducted by AFL-CIO, found the heads of S&P500 listed companies made an average of US$11,700 million last year – roughly 331 times the average employees’ salary of US$35,239 and 774 times that of someone on minimum wage in America.
The highest paid CEO was Larry Ellison of Oracle, who earned US$78,440,657 last year, followed by Tesla Motors’ CEO Elon Musk, who also took home just over US$78 million.
In third place, earning US$10 million less than Musk, was Mario Gabelli, head of Gamco Investors.
The report also provided information on the number of hours an average employee would have to work in order to earn the same their boss does in one hour.
Here are the salaries (USD) of the top 10 highest paid CEOs. Go here for the full list:
1. ORACLE CORP
Lawrence J. Ellison
2. TESLA MOTORS INC
3. GAMCO INVESTORS INC
Mario J. Gabelli
4. ACTIVISION BLIZZARD INC
Robert A. Kotick
5. TRANSDIGM GROUP INC
W. Nicholas Howley
6. CBS CORP
7. CHENIERE ENERGY INC
8. LIBERTY MEDIA CORP
Gregory B. Maffei
9. CREDIT ACCEPTANCE CORP
Brett A. Roberts
10. MCKESSON CORP
John H. Hammergren