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UAW Strike Highlights CEO-to-Worker Pay Disparity, a Major Risk to Companies and Shareholders — As You Sow [1]

['As You Sow']

Date: 2023-09

FOR IMMEDIATE RELEASE

MEDIA CONTACT: Sophia Wilson, [email protected], (341) 600-1832

BERKELEY, CALIFORNIA—SEP. 15, 2023—United Autoworkers of America (UAW) last night announced plans for targeted, stand-up strikes in three states against Ford, General Motors, and Chrysler after negotiations fell through. Shrinking the widening gap between CEO pay and workers' pay in years marked by record-breaking profits has been central to UAW’s demands.

As You Sow’s annual 100 Most Overpaid CEOs report tracks compensation and the pay disparity between CEOs and their median workers’ pay for U.S. companies. Ford has been on the report five times in the past nine years with a 2022 CEO-to-worker pay ratio of 281:1. General Motors has made the list twice with a 2022 ratio of 362:1. Excluding Chrysler’s foreign parent company Stellantis, CEOs of foreign automakers earn significantly less than their U.S. counterparts.

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[1] Url: https://www.asyousow.org/press-releases/uaw-strike-ceo-pay-risk-companies-shareholders

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