Workforce and Employment

CEO diversity: does it explain CEO-to-employee pay ratio?

Higher CEO-to-employee pay ratios for female CEOs can be interpreted in a number of ways. Image: Unsplash.

Nazli Sila Alan

Assistant Professor of Finance, Fairfield University

Katsiaryna Bardos

Associate Professor of Finance, Fairfield University

Natalya Shelkova

Associate Professor of Economics, Guilford College


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An average CEO earned 202 times the pay of a median worker, while a female CEO stood at 374 times, and a minority CEO at 173 times, according to analysis of 2017-2018 S&P 1500 data.

What's the World Economic Forum doing about the gender gap?

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Related topics:

Workforce and EmploymentGender InequalityFuture of Work


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