No matter how much coffee you send, Starbucks 'annual salary and CEO are 1049 times different!
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With stores all over the world, Starbucks, the American coffee chain of Zhenxuan Coffee Bakery, which recently opened its first new store in Shanghai featuring baked food, has disclosed for the first time the average salary of its employees: $12,754 (about 86400 yuan) a year, plus 52 pounds of coffee (equivalent to 1 pound a week). Baristas seem like an elegant profession, but they still have to be based on reality.
The data, released by the regulatory filing office on January 25, represents the salary, benefits and stock of a part-time barista in California, according to Bloomberg. By contrast, CEO Kevin Johnson (Kevin Johnson) earned a total of $13.4 million (90.77 million yuan) last year, including a salary of $1.46 million (9.89 million yuan).
The Dode-Frank Act (Dodd-Frank Act), passed in 2010, requires listed companies such as Starbucks to publish the pay gap between ordinary employees and executives to highlight wage inequality in the US. For many people who are interested in running for the next president of the United States, this is one of the issues to attract the masses.
Howard Schultz (Howard Schultz), the previously reported CEO of Starbucks who is considering running independently for president of the United States, said he advocated raising taxes on the rich (including himself) to ensure that the wage gap does not widen.
In addition to salary and stock, Starbucks' benefits include health insurance, college tuition subsidies and paid parental leave. Most of Starbucks' roughly 291000 employees are part-time.
The CEO compensation ratio (CEO pay ratio) is calculated by dividing the salary of the CEO by the average salary of the employee. Starbucks' CEO pay ratio is 1049 to 1, meaning Johnson's annual salary is 1049 times that of the average employee. Incidentally, the highest salary ratio for CEO is made by toy maker MATTEL (Mattel), where CEO Enon Krez earns 4987 times as much as his employees.
According to a long-term study by the American Federation of Labor and Industry (AFL-CIO), corporate leaders' salaries in 2016 were 347 times that of the average employee, up from 41 times in 1983. A survey by EQUILAR last year also pointed out that American CEO earns 140 times more than the average employee.
Although it is different positions, responsibilities and values are also different, but do you have any views on this huge gap?
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