How would you like to work one to two days a year and make a year’s worth of salary? That’s what most CEOs of S&P 500 companies do to make the median salary of workers in their home states, according to the latest figures available from the Bureau of Labor Statistics for 2016.

Using the CompanyIQ SEC EDGAR search tool, MyLoGIQ reviewed the 165 S&P 500 companies that have filed their 2018 annual proxy reports with the SEC from July 1, 2017 to March 16, 2018. We looked at the 2017 pay of the 167 CEOs of these companies and found that 145 of them had to work less than one day to make the annual salary of the median worker in the state where their company is headquartered.

We expect another 135 companies to file by the end of March and will update this first in a series of pay ratio reports periodically. It serves as the first ever comprehensive analysis of not only internal pay ratios between employees and their CEOs but also the MyLoGIQ state median employee pay ratio.

105 of these 165 companies are subject to the new SEC pay ratio disclosure requirement under rules adopted pursuant to the Dodd-Frank Act of 2010. Under the pay ratio rule, companies are required to calculate and disclose the median of the total compensation paid to its employees, as well as the ratio of the total compensation paid to the median employee as compared to the total compensation paid to the CEO. Only 75 have disclosed their internal pay ratios so far.