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.
24 Articles
24 Articles
CEO Pay Is Up 50 Percent Since 2019 Compared to 0.9 Percent for Workers
As people worldwide filled the streets Thursday to celebrate International Workers’ Day and mobilize against attacks on the working class, a new analysis showed that average global CEO pay has surged 50% since 2019 — 56 times more than the pay of ordinary employees. The Oxfam International analysis examined figures from nearly 2,000 corporations across 35 countries where CEOs were paid more… Source
'Grotesque Spectacle' on May Day: CEO Pay Up 50% Since 2019 Compared to 0.9% for Workers
"This isn't a glitch in the system—it's the system working exactly as designed, funneling wealth ever upwards while millions of working people struggle to afford rent, food, and healthcare."
Global CEOs' Pay Rose 50% Since 2019, 56 Times More Than Workers: Report
Noting that the average pay for CEOs in India has reached $2 million a year, a new study by research and advocacy group Oxfam said the average pay for global CEOs surged by 50 per cent in real terms since 2019.
Coverage Details
Bias Distribution
- 50% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage