The 2020 total annual compensation value for Mr. Hayes was $20,970,890 and for RTX’s global median employee was $108,914, resulting in a ratio of:
193:1 !!!
With approximately
30% (!)
of our employees located outside the United States, RTX has operations in almost half of the countries in the world. We believe paying competitive wages targeted at the median of local labor markets within our industry is essential to ensuring a productive, engaged workforce and a sustainable business. Consequently, a global ratio may not be particularly informative without any context for foreign labor markets and the diversity in the roles of RTX’s employees around the world.