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J.C. Penney CEO Compensation 1,795 Times What Former Fashion Jewelry Saleswoman Made

A new Bloomberg article notes that the CEOs of the Standard and Poor's 500 corporations make 204 times as much money as their own employees. The article highlights the most extreme disparity in the S&P 500, where former J.C. Penney CEO Ron Johnson received a total compensation package 1,795 times that of former fashion jewelry saleswoman Rebecca Gonzales in 2011. 

Three years ago, in the Dodd-Frank law, Congress required companies to reveal their actual CEO-to-worker pay ratios, but the U.S. Securities and Exchange Commission still has yet to implement the new law. Many corporations are fighting against the new rule's implementation, but the AFL-CIO's Executive PayWatch website seeks to reveal as much of this information as possible.

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JC Penny

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