Tech billionaire’s $158.3bn deal an outlier in report showing widening gap of CEO to worker pay at top companies

Elon Musk received over 2.5m times as much compensation at Tesla as the company’s average worker, according to a new report on the growing gap between top corporate executives and their workers.

Musk’s $158.3bn pay deal was an outlier but came as the gap between CEO and worker pay continued to grow. Excluding Musk, last year the average ratio of CEO to worker pay for the top S&P 500 companies was 312 to 1, up from a 285:1 ratio in 2024. With Musk, the average pay ratio was 5,387:1, according to the executive pay watch report released this week by the AFL-CIO, the largest federation of labor unions in the US.

Critic of Consumer Financial Protection Bureau leadership was put under investigation and suspended from job

The Trump administration has been accused of “bullying and intimidation” after a labor union leader and critic was put under investigation and suspended from his job at the Consumer Financial Protection Bureau (CFPB).

Stephen Wheeler, a data scientist at the agency since 2022 and chair of the CFPB union organizing committee, was placed on administrative leave effective immediately earlier this month. The union said it was not provided with any specific violations or given any details of the investigation.