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Salon
Salon
Politics
Igor Derysh

YOU WONT BELIEVE: Ceos got big raises while hiking prices - What They Never Told You

CEO and founder of Amazon Jeff Bezos Alex Wong/Getty Images

More than a dozen major companies that blamed price increases on rising labor costs gave their top executives big raises — and some of them even slashed workers' pay, according to a new report.

Corporations like Amazon, Apple, McDonald's, Coca-Cola, Verizon and Starbucks cited growing labor costs when they hiked prices on consumers while behind the scenes their CEO-to-worker pay gap grew larger, according to an analysis from the left-leaning watchdog group Accountable.US.

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