America is in the middle of a tech-fueled wealth boom: companies have shattered market-cap records, while soaring stock briefly minted the world’s first trillionaire. Now, some CEOs leading the world’s biggest companies are making money so fast that they can earn their workers’ annual pay in a matter of seconds. Elon Musk earned the typical Tesla worker’s annual pay every 4.23 seconds.
The richest person in the world and CEO of tech and EV giant Tesla received $158.3 billion in compensation last year. His pay was 2,522,203 times higher than the median Tesla’s employee pay of $57,243 annually, according to an executive paywatch analysis from America’s largest federation of labor unions, AFL-CIO.
