The average CEO of the US’s 100 largest, lowest-paying corporations earned 614 times more than their average worker last year, according to an analysis by the Institute for Policy Studies (IPS).

IPS’s latest executive excess report analyzed compensation at the 100 S&P 500 corporations with the lowest median worker pay. Between 2019 and 2025, CEO compensation increased 41.4%, unadjusted for inflation, twice as much as the median worker pay increased at these firms during the same period, at 20.7%.