When CEO pay exploded (update)

当首席执行官薪酬激增(更新)

Planet Money

2025-09-17

22 分钟
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单集简介 ...

(Note: A version of this episode originally ran in 2016.) It’s no secret that CEOs get paid a ton – and a ton more than the average worker. More than a hundred times than what their average employee makes.  But it wasn’t always this way. So, how did this gap get so vast? And why?  On today’s episode … we go back to a specific moment when the way CEOs were paid got changed. It involves Bill Clinton's campaign promises, and Silicon Valley workers taking to the streets to protest an accounting rule. And of course, Dodd Frank.  Subscribe to Planet Money+ Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts. Facebook / Instagram / TikTok / Our weekly Newsletter. This episode was hosted by Jacob Goldstein and Stacey Vanek Smith, and was originally produced by Nick Fountain. This update was reported and produced by Willa Rubin and edited by Alex Goldmark. Music: "Love To Go" and "Second Line Stomp." Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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单集文稿 ...

  • Quick warning there is some profanity in this episode.

  • This is planet money from NPR Our CEOs paid too much a question you will hear often And let's just look at some random numbers here from a Harvard list of top paid CEOs.

  • We've got David Zaslov here of Warner Brothers Discovery.

  • Looks like he made $52 million in compensation last year.

  • We've got another David here,

  • David Gitlin of Carrier Global, the heating and air conditioning company.

  • He made $66 million last year.

  • Patrick Smith of Axon Enterprises, that's a company that makes tasers.

  • He made $165 million last year.

  • It was not always like this.

  • And so how did we get to this point where CEOs are making this much money?

  • Well, Jacob Goldstein and Stacey Vanek Smith did a show about this back in 2016,

  • about this one particular moment when all of a sudden, CEOs did start getting paid a lot more.

  • So we're going to play that one for you now.

  • And then at the end, we've got an update on what has changed in the decade since.

  • So here's Jacob and Stacey.

  • Stacey, the other day, I was looking at this chart.

  • I've brought it into the studio.

  • The chart is... average pay for CEOs at big US corporations over the past several decades.

  • And I saw something really surprising.