Car Infographics: Comparing the Salaries of Auto CEOs and their Employees
Here’s a big shocker: CEOs make more money than their employees.
Okay, so this isn’t the most revealing tidbit of information we’ve had on our pages, but breaking down the actual number is a little more intriguing. Just last year, Ford CEO, Alan Mullay’s base salary consisted of $1.4 million, while other factors such as cash bonuses and "other expenses" bumped up that salary to $26.5 million. Chew on that for one second. Ford has to sell over 1200 units of their top seller - 2010’s best seller was the F-Series pickup starting off at $22,060 - to pay for its CEO. Not a bad gig if you can get it.
Then there’s your average autoworkers. Many factors affect what these men and women get paid yearly, including experience, geography, benefit, and just which automaker they work for. Continuing with the Ford example, the American company pays their workers between $24.24 and $29.15 per hour. According to this infographic, the average annual salary earned by autoworkers in America as of February 2010 was $48,000. The infographic then displays that the average autoworker with 1-2 years experience would have to work for 51 years to make as much money as the average CEO makes in one year.
Check out the rest of the infographic to get more mind-boggling information and remember to check back with us for the next installment in our Car Infographics series.