RATIO OF CEO PAY TO MEDIAN EMPLOYEE PAY. Our median employee earned $53,928 in total compensation for 2020. The total 2020 compensation reported for Mr. Culp as reported under “SEC Total” in the Summary Compensation Table on page 39 was $73,192,032. This includes the full grant date fair value of his Leadership Performance Share Award, which does not vest until performance and service requirements are met. Based upon total compensation for 2020, we calculated that our ratio of CEO to median employee pay was 1,357 to 1.
Breaking down this $73,192,032 pay package, it comes out to:
$6,099,000 per month or
$35,188 per hour or
$586 per minute or
nearly $10 per second
This guy makes more money in 2 hours than the median employee makes all year.
The average person takes about 10 minutes to do #2.
In that time, Mr. Culp will have made over $5860 smackers.
Does anyone else see a problem with this insane compensation package?