According to recent research, an average Swiss worker would take 12 weeks and 7 hours to earn what Elon Musk earns in five working minutes, namely 12,854 euros.
his was revealed by Gigacalculator.com, which analyzed the astronomical earnings of the world’s top CEOs and compared them to the average earnings of ordinary workers in Switzerland.
Switzerland is known for its particularly high average salaries compared to other similar countries, so the comparison with the average earnings of workers in other countries would be even more merciless.
Besides Elon Musk, the comparison was also made, for example, with Apple’s current CEO Tim Cook, who earns €2,888 in five minutes, equivalent to 2 weeks, 2 days and 5 hours of the average Swiss salary.
The CEO of Alphabet (aka Google), Sundar Pichai, earns €1,861 in five minutes, equivalent to 1 week, 3 days and 7 hours for a Swiss worker, while the CEO of Microsoft, Satya Nadella, earns €1,669, equivalent to 1 week, 2 days and 7 hours.
After Elon Musk and Tim Cook, in third place in this ranking is the CEO of Charter Communications, Tom Rutledge, with €2,526 earned every five working minutes, and in fourth place, there is the CEO of ViacomCBS, Joseph Ianniello, with €2,517.
This top 10 also includes Sumit Singh from Chewy, €2,336, Jonathan Gray from Blackstone Group, €2,324, Robert Swan from Intel, €2,138 and Douglas Ingram from Sarepta Therapeutics, €1,516.
Gigacalculator.com also interviewed 1,226 Swiss workers to understand their stance on these figures, and found that 74% of respondents felt it was unjustified that CEOs are paid millions of euros every year, 66% do not understand what CEOs do every day to deserve to be paid so much, and 57% would like CEOs to be more transparent about what they actually do.
In addition, 82% believe that this income disparity is excessive and should be drastically reduced.
Finally, it should be noted that data relating to the earnings of CEOs actually relate to the remuneration they receive from their companies, and not to personal assets collected over years of earnings and investments (such as any shares they may own), or financial returns.