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CEO pay survey: NZ’s first $5m woman but recession hits many in the pocket

  • Oxfam released a 2024 report showing global CEO pay averaged $4.3 million, rising 50% since 2019 across 2,000 companies in 35 countries.
  • This pay surge contrasts with worker wages, which rose only 0.9% in the same period, reflecting growing economic inequality and wealth concentration.
  • The report noted billionaires gained $206 billion last year, while CEOs earned 56 times more than average employees, highlighting systemic wealth funneling upward.
  • In New Zealand, amid a deep recession starting June 2024, CEO pay declined slightly to an average $2.23 million, with ASB’s Vittoria Shortt becoming the first woman to earn over $5 million.
  • The findings suggest persistent inequality and call for reforms like higher taxes and wage increases, as tariffs and economic policies threaten working-class livelihoods globally.
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Oxfam France broke the news in on Wednesday, April 30, 2025.
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