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Comment on Richmond’s top CEOs outearned their employees by average of 176 to 1, filings show by Zach Thomas
['Michael Schwartz', 'Michael W Petersen', 'Brett Themore', 'Ed Williams', 'Al Bosdell', 'Josh Bearman', 'Deon Hamner', 'Mike Mclaurin', 'Zach Thomas', 'Will Teeples']
Comments for Richmond BizSense
For example, South Richmond-based tobacco company Universal Corp. reported the largest gap in its CEO pay ratio at 995 to 1.
Brink’s, the Henrico-based armored transport giant, is another local firm whose CEO pay ratio requires an asterisk.
The median employee pay for the company’s 65,000 employees globally was roughly $16,000, leading to a ratio of 598 to 1.
That total compared to the tobacco giant’s median employee pay of nearly $167,000, for a ratio of 147 to 1.
In total, the 19 local companies that reported CEO pay ratios in their most recent proxies employed more than 262,000 workers.