The Difference Between CEO and Employee Pay at 10 S&P 500 Companies

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Chief executive officers (CEOs) famously make the big bucks, particularly if they’re spearheading a large corporation. The highest-paid CEOS, like Brad Jacobs of QXO, Inc. and Peter Gassner of Veeva Systems Inc. make close to $200 million, respectively, per year. That’s quite extreme and not at all common, but the pay gap between many CEOs of S&P 500 companies and their employees is astonishing. 

Research from the American Federation of Labor & Congress dug into the data and found that in 2024, the average CEO-to-worker pay ratio for S&P 500 companies was 285-to-1. It’s highly worth noting that the median annual pay for U.S. employees in 2025 is $62,192 and that the median worker pay for all of these jobs is below — in some cases drastically — that number. 

10. Carrier Global Corp

  • CEO: David Gitlin
  • Median worker pay: $51,001 
  • Pay ratio between CEO and median worker: 1,289:1 

9. Carnival Corp

  • CEO: Josh Weinstein 
  • Median worker pay: $16,854  
  • Pay ratio between CEO and median worker: 1,398:1 

8. Yum! Brands Inc

  • CEO: David Gibbs
  • Median worker pay: $17,160  
  • Pay ratio between CEO and median worker: 1,440:1 

7. TJX Cos Inc

  • CEO: Ernie Herman 
  • Median worker pay: $15,002 
  • Pay ratio between CEO and median worker: 1,565:1 

6. Western Digital Corp

  • CEO: David Goeckeler
  • Median worker pay: $10,726 
  • Pay ratio between CEO and median worker: 1,649:1 

5. Ross Stores Inc

  • CEO: James G. Conroy
  • Median worker pay: $9,602
  • Pay ratio between CEO and median worker: 1,770:1 

4. Coca-Cola Co

  • CEO: James Quincey
  • Median worker pay: $14,144 
  • Pay ratio between CEO and median worker: 1,980:1 

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3. ON Semiconductor Corp

  • CEO: Hassane El-Khoury
  • Median worker pay: $15,580  
  • Pay ratio between CEO and median worker: 1,998:1 

2. Aptiv PLC

  • CEO: Kevin Clark 
  • Median worker pay: $9,052
  • Pay ratio between CEO and median worker: 2,072:1 

1. Starbucks Corp

  • CEO: Brian Niccol
  • Median worker pay: $14,674
  • Pay ratio between CEO and median worker: 6,666:1

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