Thread by @AFLCIO

In 2018, CEOs of S&P 500 companies received, on average, $14.5 million in total compensation. #PayWatch #1u

$7,858 - The amount the average U.S. rank-and-file worker’s pay has increased over the past 10 years, a pay increase of less than $800 per year annually. Read the report: paywatch.org #Paywatch

$5.2M - The amount the average S&P 500 CEO’s pay has increased over the past 10 years, a CEO pay increase of more than half a million dollars annually. Read the report: paywatch.org #Paywatch

The average S&P 500 company CEO-to-worker pay ratio was 287 to 1. #Paywatch

For the first time, companies must disclose the ratio of their own CEO’s pay to the pay of the company’s median employee. #PayWatch Read the report: paywatch.org

This important disclosure did not come easy. Major corporations and industry groups lobbied long and hard to hide this valuable information from shareholders and the general public. #Paywatch

Too many working people are struggling to get by. To afford the basics. To save for college. To retire with dignity. And CEOs are paying themselves more and more and more. Read the report: paywatch.org #Paywatch

President Trump and Republican leaders in Congress gave big business a giant tax cut last year—further widening the gap between the rich and the rest of us. #Paywatch

$93 BILLION - The amount corporate income tax collections fell in Fiscal Year 2018 following the passage of the 2017 GOP tax cut, a 31% drop #Paywatch

A lower tax bill and new loopholes for the wealthy are only one way CEOs benefited from the new tax laws. Instead of investing in their employees—their greatest asset—companies can now pursue aggressive stock buybacks to boost short-term stock prices and executive pay. #Paywatch

10 of the largest U.S. companies—@Amgen, @Apple, @BankofAmerica, @Cisco, @Citi, @Facebook, @JPMorgan, @Microsoft, @Oracle and @WellsFargo—combined to buy back more than a quarter-billion dollars of their own stocks in 2018. Their average CEO pay increased dramatically as well.

@Amgen @Apple @BankofAmerica @Cisco @Citi @facebook @jpmorgan @Microsoft @Oracle @WellsFargo 💰@Activision @Blizzard_Ent CEO @BobbyKotick total compensation totaled nearly $31 million, 319 times its median employee’s pay. #Paywatch Read the report: paywatch.org

@Amgen @Apple @BankofAmerica @Cisco @Citi @facebook @jpmorgan @Microsoft @Oracle @WellsFargo @Activision @Blizzard_Ent @BobbyKotick In 2018, @Activision recorded a $225 million federal tax benefit, despite $1.8 billion in earnings worldwide. It also reduced its offshore cash holdings from $3 billion to $1.4 billion. In Jan 2019, it adopted a stock buyback program to repurchase up to $1.5 billion in shares.

@Amgen @Apple @BankofAmerica @Cisco @Citi @facebook @jpmorgan @Microsoft @Oracle @WellsFargo @Activision @Blizzard_Ent @BobbyKotick 💰$25,237 - The average amount, in millions, of stock buybacks in 2018.
📈187% - The average growth of stock buybacks in 2018 from the previous year.
Read the report: paywatch.org | #Paywatch

@Amgen @Apple @BankofAmerica @Cisco @Citi @facebook @jpmorgan @Microsoft @Oracle @WellsFargo @Activision @Blizzard_Ent @BobbyKotick 💰$30.8 - The average CEO pay, in millions, for these companies in 2018.
📈46% - The average percentage growth in CEO pay in 2018 from the previous year.
Read the report: paywatch.org | #Paywatch

@Amgen @Apple @BankofAmerica @Cisco @Citi @facebook @jpmorgan @Microsoft @Oracle @WellsFargo @Activision @Blizzard_Ent @BobbyKotick 💰@ATT CEO Randall Stephenson received over $29 million in total compensation in 2018, 304 times the company’s median employee pay. #Paywatch
Read the report: paywatch.org

@Amgen @Apple @BankofAmerica @Cisco @Citi @facebook @jpmorgan @Microsoft @Oracle @WellsFargo @Activision @Blizzard_Ent @BobbyKotick @ATT 💰@Delta CEO Edward Bastian received $15 million in total compensation, 184 times median employee pay—as Delta continues to fight efforts from its employees to unionize. #Paywatch Read the report: paywatch.org

@Amgen @Apple @BankofAmerica @Cisco @Citi @facebook @jpmorgan @Microsoft @Oracle @WellsFargo @Activision @Blizzard_Ent @BobbyKotick @ATT @Delta @threadreaderapp Unroll Please