Elon Musk earned over 2.5 million times more than Tesla workers as CEO pay surged again
A report by The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) – the largest federation of labor unions in the United States – revealed that CEOs now take over 300 times as much pay than working people. But that figure excludes Musk because his $158 billion compensation skews the numbers. Read Entire Article
A recent report highlights the staggering disparity in executive pay at major companies, with Elon Musk's compensation at Tesla standing out. The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) found that Musk's 2025 pay package was an astounding 2,522,203 times the median employee's pay at Tesla.
CEO pay has surged to 5,387 times the average worker's pay across the S&P 500 Index companies, up from 285 times in 2024. Without Musk's Tesla compensation, the ratio increased to 312 times. Musk's net worth, currently $823 billion, is down from his trillionaire status in June, when SpaceX's IPO boosted his wealth to $1.1 trillion.
This extreme disparity is not unique to Tesla; the average CEO pay for S&P 500 companies has nearly doubled in a decade, while average US private-sector wages have only risen by about 45%. The AFL-CIO argues that excessive CEO pay contributes to growing economic inequality and notes that workers' share of national income has fallen to its lowest level since World War II.
They advocate for CEO compensation to reflect actual contributions to the company and for workers to receive a fair share of the value they help create.
Written by urgent.news from TechSpot's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
