'When you look at those numbers and at CEOs trying to blame workers for inflation, it just doesn't add up,' said the secretary-treasurer of the AFLCIO.
officials have pointed to workers' wages as a factor in surging prices, which have pushed overall inflation in the United States to a four-decade high.
Titled"Greedflation," the report shows that"in 2021, CEOs of S&P 500 companies received, on average, $18.3 million in total compensation." The highest-paid executive among S&P 500 companies last year was Expedia's Peter Kern, who brought in an eye-popping $296 million in total compensation.were Amazon CEO Andy Jassy , Intel CEO Pat Gelsinger , Apple CEO Tim Cook , and JPMorgan Chase CEO Jamie Dimon .
During a conference call outlining the report's findings, AFL-CIO Secretary-Treasurer Fred Redmond said that"when you look at those numbers and at CEOs trying to blame workers for inflation, it just doesn't add up."during an earnings call earlier this year, for instance, Amazon's chief financial officer attributed inflationary pressures felt within the company during the final quarter of 2021 to"wage increases and incentives in our operations.
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