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The pay disparity between S&P 500 CEOs and their workers grew even larger in 2021, a new report says.
The AFL-CIO found this pay ratio was 324-to-1 last year, up from 299-to-1 in 2020.
Amazon had the biggest CEO-to-worker pay ratio by a mile: 6,474 to 1.
Pay disparities between CEOs and workers at some of the world's biggest companies grew even bigger last year, a new report says.
In 2021, the average S&P 500 CEO made 324 times what their company's average worker made, according to a report published Monday by the AFL-CIO. That's up from 299-to-1 in 2020.
While S&P 500 CEO pay rose 18.2% last year, worker wages only rose 4.7%, the report says. The rate of inflation last year was 7.1%.
These numbers point to what's called "greedflation," the report says.
"CEOs, not working people, are causing inflation," the AFL-CIO wrote. "Runaway CEO pay is a symptom of greedflation — when companies increase prices to boost corporate profits and create windfall payouts for corporate CEOs."
Some of the biggest pay disparities were found at companies where workers are currently pushing for unions for higher wages, among other reasons, including Amazon, Starbucks, and Apple.
Here are the 20 S&P 500 companies identified in the report as having the biggest CEO-to-worker pay ratios:
1. Amazon: 6,474-to-1
Amazon CEO Andy Jassy
Bruce Bennett / Getty Images
CEO Andy Jassy's total compensation last year was $212.7 million.
2. Expedia: 2,897-to-1
Rafael Henrique/SOPA Images/LightRocket via Getty Images
CEO Peter Kern's total compensation last year was $296.2 million.
CEO Christopher Kempczinski's total compensation last year was $20 million.
4. TJX Cos: 2,249-to-1
TJ Maxx store logo.
Bruce Bennett/Getty Images
CEO Ernie Herrman's total compensation last year was $31.8 million.
The TJX Companies owns businesses like T.J. Maxx, Marshalls, and HomeGoods.
5. Yum! Brands: 2,108-to-1
REUTERS/Shannon Stapleton
CEO David Gibbs's total compensation last year was $27.6 million.
Yum! Brands owns Taco Bell, Pizza Hut, KFC, and The Habit Burger Grill.
6. Aptiv: 1,992-to-1
Andrej Sokolow/picture alliance via Getty Images
CEO Kevin Clark's total compensation last year was $14.7 million.
Aptiv is an automotive technology company.
7. Estée Lauder: 1,965-to-1
Harry Wai/NurPhoto via Getty Images
CEO Fabrizio Freda's total compensation last year was $66 million.
8. Penn National Gaming: 1,942-to-1
Igor Golovniov/SOPA Images/LightRocket via Getty Images
CEO Jay Snowden's total compensation last year was $65.9 million.
Penn National Gaming operates several dozen casinos and racetracks across the US.
9. Coca-Cola: 1,791-to-1
Jeffrey Greenberg/UCG/Universal Images Group via Getty Images
CEO James Quincey's total compensation last year was $24.9 million.
10. Carnival Corp: 1,740-to-1
A close-up of the Carnival Magic cruise ship docked in Marseille. Carnival Cruise Lines ships in Marseille.
Gerard Bottino/Getty Images
CEO Arnold Donald's total compensation last year was $15.1 million.
11. Intel: 1,711-to-1
Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. The hearing focused on American semiconductor competitiveness, supply chains, and CHIPS legislation.
Tom Williams/CQ-Roll Call, Inc via Getty Images
CEO Patrick Gelsinger's total compensation last year was $178.6 million.
