AFL-CIO: Idaho CEOs paid 85 times more than average worker

Boise - The Idaho StatesmanApril 25, 2014 

The CEOs of Idaho's largest public companies earn 85 times more than the average Idaho worker, according to the AFL-CIO, a labor federation. It included CEOs from the eight Idaho companies listed on the Index in 2013 or 2012, depending on the companies' most recent proxy statement.

Idaho CEOs earned an average of 3.1 million based on proxy statements for 2012 and 2013, while the average Idaho worker earned $36,820 in 2013, according to the report.

That means Idaho CEOs made 208 times more than Idaho workers earning the minimum wage, $7.25.

The report said that S&P 500 companies nationwide have kept employee wages relatively stagnant while the companies earned $41,249 per employee, a 38 percent increase from 2008.

Rian Van Leuven, president of the Idaho State AFL-CIO, said his group supports raising the state minimum wage.

"In Idaho we are working every day to bring workers together and raise wages," he said in the report. "We were proud to support the effort to raise Idaho's minimum wage this year, and we will continue to support efforts to help our lowest-paid workers."

Micron Technology Inc. CEO Mark Duncan earned $6.9 million last year, making him easily the highest-paid executive among those included in the report. Alexander Toeldte of Boise Inc. made nearly $4.7 million in 2012 to take the No. 2 position on the list. Hecla Mining Co. CEO Phillips S. Baker Jr. earned more than $3.9 million in 2012.

Click here to go to the AFL-CIO site for more information on Idaho CEO pay.

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