August 18, 2020

CEO Pay Surged Upward in 2019

CEO pay was up in 2019!

The average big company CEO now makes 320 times as much as the average worker. That doesn’t yet match the glorious heights reached at the end of the dotcom boom, but it’s getting there—and 2020 is looking good so far.

Just imagine: as recently as 1990, CEO pay was only about 60 times that of the average worker. That’s only 30 years ago. If a big time CEO was paid that amount today he’d be the laughingstock of his country club.

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DECEMBER IS MAKE OR BREAK

A full one-third of our annual fundraising comes in this month alone. That’s risky, because a strong December means our newsroom is on the beat and reporting at full strength—but a weak one means budget cuts and hard choices ahead.

The December 31 deadline is closing in fast. To reach our $400,000 goal, we need readers who’ve never given before to join the ranks of MoJo donors. And we need our steadfast supporters to give again—any amount today.

Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do.

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