Fifty-four of Ohio’s largest employers paid their CEOs a median of 322 times what they paid the typical employee in 2020, according to a new report by Policy Matters Ohio.
The federal Dodd-Frank Act requires publicly traded companies provide the ratio of CEO pay to the median employee — the person.
Fifty-four of Ohio’s largest employers paid their CEOs a median of 306 times what they paid the typical employee in 2019, according to data reported under the Dodd-Frank Act.
The federal law requires publicly traded companies provide the ratio of CEO pay to the median employee the person whose pay falls in the middle of all employees. Fifty-four of the top 100 Ohio employers filed reports with the Securities and Exchange Commission (SEC). With an average CEO salary of $14.6 million, 39 corporations paid CEOs more than 200 times what they paid the median worker, according to Policy Matters’ analysis. CEOs at 28 corporations were paid least 300 times as much. More than a quarter of employers paid CEOs more than 500 times as much. Three companies had pay ratios of over 1,000 to one.