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Half of 100 largest US employers of low-wage workers ‘rigged’ CEO pay to increase their compensation

A spokeswoman for Chipotle told in a statement: 'Brian Niccol’s annual compensation package is based on a competitive analysis of CEO pay levels within our peer group and is designed to pay for performance' (file photo)

While Cutting Worker Salaries And Laying Off Staff During The Pandemic, Study Finds



Of the 100 S&P 500 firms with the lowest median worker wages, 51 bent their own rules in 2020 to pump up executive paychecks, according to a new study.

The study from the Institute for Policy Studies found that at those 51 companies, the average CEO pay rose 29 percent last year, to $15.3 million, while worker wages dropped 2 percent.

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