Del Monte’s Pay Ratio Is Largest To Date At 1,465:1

Del Monte Produce, makers of the beloved fruit cups present in every elementary school, paid their CEO 1,465 times more than their typical employee last year. CEO Mohammad Abu-Ghazaleh made $8.5 million, while their median employee, located in Costa Rica, made $5,833. Del Monte had to reveal this astounding information as the result of a new regulation requiring publicly held firms to report their CEO-worker pay gaps. Corporations fought tooth and nail for nearly eight years to squelch this regulation — to no avail. Now, the American public will finally know more about the companies that dominate their lives. We’ll now be able to know the gap between what top executives make, what their typical employees make, and, in some cases, more information on the location of their employees.
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