These CEOs Make 1,000 Times More Than Their Employees
By: 24/7 Wall Street
April 17, 2019
The typical employee of The Gap, Inc., the company behind Old Navy, Banana Republic, and Gap clothing brands, earns just under $6,000 a year. Arthur Peck, the company’s CEO, earns as much in about a half hour. While most Gap employees are compensated primarily through wages and salaries, Peck is an exception. Only $1.5 million of his $20.8 million 2018 compensation was salary, and the remainder was in company stocks and options.
Peck is not especially popular among those who work under him. According to Glassdoor reviews, just 68% of current and former employees approve of Peck as CEO.
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