The gap between CEO compensation and median worker pay at Starbucks hit 6,666 to 1 last year. In other words, to make as much money as their CEO made last year, typical baristas would’ve had to start brewing macchiatos around the time humans first invented the wheel.
Starbucks takes the prize for the most obscene corporate pay disparities of 2024. But jaw-dropping gaps are the norm among America’s leading low-wage corporations.
This year’s edition of the annual Institute for Policy Studies Executive Excess report finds that CEOs of the 100 S&P 500 firms with the lowest median wages, a group we’ve dubbed the “Low-Wage 100,” have enjoyed skyrocketing pay over the past six years.
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