The CEOs of some of Ohio’s biggest companies saw big paydays, much bigger than their employees, according to a report by an Ohio-based think tank.
The following article was originally published in the Ohio Capital Journal and published on News5Cleveland.com under a content-sharing agreement.An analysis found that of the 54 large state employers who file reports under the federal Securities and Exchange Commission, average pay for CEOs was up to $21.7 million in 2021, a rise from $16 million in 2020.
“Meanwhile, these 54 corporations cut median pay for workers or added more low paying jobs, pushing the median pay down from $51,494 in 2020 to $48,283 last year,” Policy Matters Ohio said in a statement on the report. “Last year, corporate price gouging made it harder for many Ohioans to make ends meet, but many of the CEOs driving the problem did better than ever,” according to the report’s author, Michael Shields.
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