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Fat Cats vs. Regular Joes

Thanks to a late-summer ruling by the Securities and Exchange Commission, CEOs of large public companies will finally have to start fessing up to how much more they make than their employees—but not until 2017. What can you expect? Using fiscal year 2014 data, Chicago estimated the CEO-employee pay gap at every public company in the Chicago area with revenues of at least $10 billion (there are 17). The takeaway: Income inequality is significantly worse than the 151:1 ratio at the median Standard & Poor’s 500 company (calculating it isn’t an exact science—ratios range from 204:1 to 373:1 elsewhere). And when it’s bad, it’s really bad (we’re talking about you, Walgreen).

Scroll over the names and companies with asterisks for more information.

Bonus: Use our fat-cat calculator to see how you compare.

Greg Wasson, ex-Walgreen CEO  
Photos: (Wasson) Kuni Takahashi/Chicago Tribune; (Money) iStockphoto
Company CEO in 2014 CEO Pay* (in millions) Median
Employee
Pay
How Much More the CEO Made
Walgreen*Greg Wasson* $16.70 $28,700
582 times more
Mondelez Irene Rosenfeld $15.90 $38,800
410
McDonald’s Don Thompson* $7.30 $24,300
300
BoeingJim McNerney* $23.50 $78,800
298
ADMPatricia Woertz* $16.30 $58,700
278
AllstateTom Wilson $13.00 $48,300
269
Abbott LabsMiles White $16.20 $85,100
190
AbbvieRichard Gonzalez $17.00 $91,890
185
Baxter Bob Parkinson $12.80 $77,000
166
United ContinentalJeff Smisek* $11.30 $68,300
165
Illinois Tool WorksScott Santi $10.60 $67,500
157
S&P 500 Median $10.30 $68,100
151
R.R. DonnelleyTom Quinlan $8.10 $55,400
146
ExelonChristopher Crane $12.60 $91,200
138
SearsEddie Lampert $5.70 $44,900
127
Kraft Foods*Tony Vernon* $8.20 $71,100
115
CDWTom Richards $6.00 $64,600
93
NavistarTroy Clarke $4.60 $72,800
 
63
Note: Total compensation includes base salary, bonuses, stock, and awards. Scroll over the names and companies with asterisks for more information.
Sources: Equilar (CEO pay), PayScale (median employee pay, except for Mondelez and AbbVie, which came from Glassdoor).

 

And How Did Those Companies Perform in 2014?

Most of these CEOs took home less than 1 percent of their company’s profits, but R.R. Donnelley’s Tom Quinlan took home a whopping 6.9 percent. And of course Navistar and Sears ended the year in the red. Oops!

Company CEO in 2014 2014 Revenue
(in billions)
CEO Pay
as % of Revenue
2014 Profits (in billions) CEO Pay
as % of Profits
SearsEddie Lampert
 
$31.20
 
0.02%
-$1.68
Oops! Did not turn a profit.
NavistarTroy Clarke
 
$10.81
 
0.04%
-$0.62
Oops! Did not turn a profit.
R.R. DonnelleyTom Quinlan
 
$11.60
0.07%
$0.12
6.90%
CDWTom Richards
 
$12.08
0.05%
$0.25
 
2.44%
United ContinentalJeff Smisek
 
$38.90
 
0.03%
$1.13
 
1.00%
AbbvieRichard Gonzalez
 
$19.96
0.08%
$1.77
 
0.96%
WalgreenGreg Wasson
 
$76.39
 
0.02%
$1.93
 
0.86%
Kraft FoodsTony Vernon
 
$18.21
 
0.04%
$1.04
 
0.78%
ExelonChristopher Crane
 
$27.43
0.05%
$1.62
 
0.77%
Mondelez Irene Rosenfeld
 
$34.24
0.05%
$2.18
 
0.73%
ADMPatricia Woertz
 
$81.20
 
0.02%
$2.25
 
0.73%
Abbott LabsMiles White $22.32
0.07%
$2.28
 
0.71%
Baxter Bob Parkinson
 
$16.97
0.08%
$2.50
 
0.51%
AllstateTom Wilson
 
$35.24
 
0.04%
$2.85
 
0.46%
BoeingJim McNerney
 
$90.76
 
0.03%
$5.45
 
0.43%
Illinois Tool WorksScott Santi
 
$15.28
0.07%
$2.95
 
0.36%
McDonald’s Don Thompson
 
$27.44
 
0.03%
$4.76
 
0.15%
Sources: Equilar (CEO pay), Fortune (revenues and profits).

 

How You Doin’?

We can’t necessarily tell you how your pay compares to that of your own CEO—but enter your total 2014 compensation below and see how it measures up to that of these bigwigs.
(Minimum value: $10,000.)

$ ,000
Company CEO in 2014 How Many Times More Than Your Salary the CEO Made  
BoeingJim McNerney
$23,500,000
 
AbbvieRichard Gonzalez
$17,000,000
 
WalgreenGreg Wasson
$16,700,000
 
ADMPatricia Woertz
$16,300,000
 
Abbott LabsMiles White
$16,200,000
 
Mondelez Irene Rosenfeld
$15,900,000
 
AllstateTom Wilson
$13,000,000
 
Baxter Bob Parkinson
$12,800,000
 
ExelonChristopher Crane
$12,600,000
 
United ContinentalJeff Smisek
$11,300,000
 
Illinois Tool WorksScott Santi
$10,600,000
 
Kraft FoodsTony Vernon
$8,200,000
 
R.R. DonnelleyTom Quinlan
$8,100,000
 
McDonald’s Don Thompson
$7,300,000
 
CDWTom Richards
$6,000,000
 
SearsEddie Lampert
$5,700,000
 
NavistarTroy Clarke
$4,600,000
 

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