Citizens Financial Group’s 157 to 1 Highest So Far in 2018 – At 157, in the second year of public company disclosures about CEO pay ratios and median employee salaries, Citizens Financial Group Inc (NYSE: CFG) had the highest CEO pay ratio of a Rhode Island company for 2018 as of March 31, 2019. Put another way, it would take an average Citizen Financial’s employee 157 years to earn the 2018 salary of CEO Bruce Van Saun. Or since Mr. Van Saun made $4,500/hour, he would have earned his employees’ median annual pay in less than two (2) days.

CVS’ 320 to 1 Highest in 2017 – The highest CEO pay ratio for a Rhode Island company in 2017 was 320 to 1 for CVS Health Corp (NYSE: CVS). In other words, it would have taken an average CVS employee 320 years to earn the 2017 salary of the CVS Health Corp CEO Larry Merlo. Or since Mr. Merlo made $5,900/hour, he would have earned his employees’ median pay in less than one (1) day.

106 and 141 – The average Rhode Island CEO pay ratio in 2018, as of March 31, 2019, was 106 and 141 in 2017.