Lear’s 987 to 1 Highest in 2018 So Far – In the second year of public company disclosures about CEO pay ratios and median employee salaries, Lear Corporation (NYSE: LEA) had the highest CEO pay ratio of a Michigan company for 2018 as of March 31, 2019. Put another way, it would take an average Lear employee 987 years to earn the 2018 salary of CEO Raymond Scott. Or since Mr. Scott made $4,800/hour, he would have earned his employees’ median annual pay in a little more two (2) hours.

Lear’s 1452 to 1 Highest in 2017 – The highest CEO pay ratio for a Michigan company in 2017 was 1452 to 1 again for Lear. In other words, it would have taken an average Lear employee 1452 years to earn the 2017 salary of Mr. Scott. Or since Mr. Scott made $7,100/hour, he would have earned his employees’ median pay in 1.5 hours.

Ford was at 276 and Domino’s was at 477 in 2018 – In 2018, Ford’s CEO James Hackett and Domino’s CEO Richard Allison had pay ratios of 276 and 477, respectively. Mr. Hackett made $17.8 million while the median employee pay at Ford was $64,000. Mr. Allison made $9 million while the median employee pay at Domino’s Pizza was $19,000.