MOZOM-analyse
A Worker Needs 200 Years to Match What a Top CEO Earns in 1 Year

- Source
- AP, Equilar, SEC, BLS, OECD, Deloitte, High Pay Centre, Apple, Goldman Sachs, Welltower en Tesla-filings
- MOZOM headline
- A Worker Needs 200 Years to Match What a Top CEO Earns in 1 Year
- Original headline
- A median S&P 500 CEO received $17.7 million in 2025; at half of the companies studied, that equals about 200 years of median worker pay.
- Author
- the editorial team
- Date
- 2 augustus 2026 om 11:56
- Subject
- Analysis of 2025 CEO pay using AP/Equilar figures, SEC pay-ratio disclosure, BLS worker earnings, OECD wage context and examples from Apple, Goldman Sachs, Welltower and Tesla.
Summary of the original report
AP and Equilar examined 337 S&P 500 CEOs who had served at least two full fiscal years and whose proxy statements were filed between January 1 and April 30, 2026. Median total compensation was $17.7 million, up 5.9 percent from the previous year. The median employee at those companies earned $89,744, up 4.7 percent. The gap is not only moral or emotional. It is built into modern executive pay: base salary is a small part, while stock awards, performance incentives, retention deals and long-term targets carry most of the weight. Boards say they reward performance, shareholder return, strategy, risk and retention. The counterquestion is just as concrete: how much collective labour and market power is attributed to one person?
Own source research: years, days, hours and work ratio
MOZOM placed the AP/Equilar figures next to BLS and OECD wage data. A median S&P 500 CEO package of $17.7 million equals about $68,100 per workday over 260 workdays and about $8,510 per hour over 2,080 hours. The median employee in the AP/Equilar companies earned $89,744: about $345 per workday and $43 per hour. The broader BLS median for US full-time wage and salary workers was $1,204 per week, or about $62,608 per year, $241 per workday and $30 per hour. Against that BLS median, $17.7 million equals about 283 years of work. Against the companies' own median employees, the official ratio is around 200 years. The difference shows how much the result depends on the chosen worker group. AP's methodology adds another nuance: median base salary was $1.3 million, while median stock awards were $10.9 million. The debate is therefore not only about salary, but about who may claim the future value of a company.
The word compensation hides three different things
Compensation sounds as if someone is paid for work performed. For CEOs that is only partly true. A package can include cash, bonus, shares released later, shares tied to targets, security costs, pension components and other benefits. That means a number can be officially correct and still feel socially misleading. A package of $821 million or $132 billion is not the same as a salary landing in a bank account tomorrow. But it is also not nothing: it is a formal allocation of corporate value to an executive, set by directors and usually supported by shareholders.
The US is the outlier, but not the only case
The United States stands out because of the scale of stock-based pay and its deep capital markets. But this is not only an American story. Deloitte found a median FTSE 100 CEO package of £5.89 million in 2025 in its sample, 18 percent higher than in 2024. High Pay Centre calculated median FTSE 100 CEO pay of £5.06 million for 2025/26 and a 130-to-1 ratio versus the median UK full-time worker. Europe shows the same tension, usually with lower amounts and different governance rules.
Possible message behind the news
The boardroom message is that top pay buys strategy, performance and continuity. The worker-inequality message is that the workplace supplies the base while most value allocation is locked in at the top. MOZOM reads both as partly true, but the second only becomes tangible when the figures are translated into work years.
Neutral conclusion
The strongest conclusion is not that every CEO package is unlawful or automatically undeserved. The strongest conclusion is that the modern company now has two measurement worlds. In one, the CEO is a strategic capital steward rewarded with long-term equity. In the other, the worker lives by week, month and year. As long as one year at the top equals about 200 years of middle pay, CEO compensation is no longer only an internal company detail. It is a public measure of who may claim corporate value.
Source:
- AP: CEO-beloning steeg bijna 6 procent in 2025
- AP: methode achter de CEO-pay-analyse
- Equilar/AP CEO Pay Study 2026
- SEC: Pay Ratio Disclosure
- SEC: guidance calculation pay ratio disclosure
- BLS: usual weekly earnings 2025
- OECD: Taxing Wages 2026
- Deloitte UK: FTSE 100 executive pay 2025
- High Pay Centre: FTSE 100 CEO-worker ratio 2025/26
- Apple 2026 proxy statement
- Goldman Sachs 2026 proxy statement
- Welltower 2026 proxy statement
- Tesla 2025 annual report