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Lead Health Economist / Specialist, Dakar, Senegal Organization: The World Bank Country: Senegal City: Dakar, Senegal Office: World Bank in Dakar...

BusinessWorld VECTORJUICE-FREEPIK Last year, the Economic Policy Institute reported that the ratio of CEO to average employee pay in the top US companies increased from a low 31 to one in 1978, 61 to one in 1989, 118 to one in 1995, to a whopping 320 to one in 2019. My mind reels at such inequality, but there’s more. The New York Times reported recently that despite the terrible impacts of the pandemic on corporate bottom lines and jobs, the CEOs of some of the hardest hit companies were “showered in riches.” Hilton laid off almost a quarter of its staff because of pand...