Yes, Median Pay At Facebook Actually Is Nearly $240,000 A Year

From the San Francisco Chronicle, Apr 27:

Influenza A virus subtype H5N1 police that requires world companies to reveal the median pay of their employees in addition to compare it amongst their CEO’s compensation is producing some eye-popping numbers that spotlight income inequality inwards America.

Among the xl largest Bay Area companies that convey reported, median employee pay final yr ranged from $5,375 at Gap to $240,430 at Facebook.

The median is the midpoint at which one-half of workers brand to a greater extent than in addition to one-half brand less. Gap said its median-paid employee, a existent person, was a part-time sales associate inwards Alabama who worked a partial yr in addition to whose pay was non annualized. If you lot were instead to compare senior software engineers at Facebook in addition to Gap, their pay disparity would hold upward much less startling. But that’s non what the police requires.

The CEO-to-worker pay ratios at these ii companies were also extreme.

Gap CEO Arthur Peck took abode $15.6 million, or 2,900 times to a greater extent than than the median employee.

Facebook founder in addition to CEO Mark Zuckerberg made 32 times what the median Facebook worker earned. Zuckerberg took a $1 salary final yr in addition to got no novel stock grants (on guide house of the $70 billion inwards Facebook stock he already owns). His $8.8 meg inwards compensation final yr was mainly for his personal safety especial in addition to individual aircraft use.

Google bring upward Alphabet said its median employee made $197,274 final year; its CEO in addition to co-founder Larry Page took abode his park $1, producing a pay ratio nigh zero....MUCH MORE