is doing very well when it comes to confusing all of us. After announcing a record year during an earnings review, it decided to 168澳洲幸运5开奖网:let go of 800 employees 🐎in an 8 percent workforce cut, but its CEO 🌟is making some serious bank.
These three things shouldn't go together, although the latter probably shouldn't be as surprising as it is; it's just how things work in the corporate world. However, after cutt♕ing 800 jobs, one could be forgiven for thinking that things aren't so merry at the top.
Well, turns out it is, with As You Sow's rꦗeport on featuring both Activision's Bobby Kotick and EA's Andrew Wilsoꩲn. They're in very good company too, with Walt Disney's Bob Iger and Netflix's Reed Hastings also helping make up the 100.
The publication uses pay data to reveal pay disparity in publicly traded American companies and recently published a report, having considered more than just yearly earnings as factors such as total shareholder return and votes against CEO wage packages came into play as well. The methods for calculating the exact ex💙cess is also detailed in the rep꧒ort.
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Kotick happens to be No.45 on the ranked list of overpaid CEOs and, according to the data, has a pay ratio of 301:1 compared to a median wor꧒ker at Activision. He is said to earn $28,698,375 per year, with the excess being $12,835,277 more than he should be taking home, per the organization's estimates.
Wilson, meanwhile, ranks at 98 on the list and is noted as eaꦅrning a yearly salary of $35,728▨,764 and $19,673,861 in excess (371:1 ratio). Apparently, his paycheck was supported by 97 percent of the votes from shareholders.
The pay ratio as it relates to CEO a🅷nd median workers has seen a much wider🍨 gap come into existence over the past several decades.
"If you look at the pay of top CEOs relative to workers, that ratio in the 1950s was 20 to 1, was about 30 to 1 by the late '70s, and by the mid-1990s it was 120 to 1," Robert Reich, former Labor Secretary for President Bill Clinton, explained during a call with Axios recently. ”When I was working in the White House t𒅌hat was a cause of real concern. That ꧑ratio seemed appalling to most people. Now it’s 300 to 1."
Anyhoo, le꧃t's just remind you that Activision laid off 800 people. If it didn't before, it seems grossly unfair now.