New Jersey’s chief executive officers have a wage disparity with the state’s average workers of 121:1, with the average CEO earning $5.7 million in 2013, according to a study by the AFL-CIO.
That’s actually not so high comparatively, since Massachusetts has a ratio of 455:1; Nebraska, 421:1; Rhode Island, 410:1; and New York, 405:1.
The highest-paid CEO in the state is David M. Cote of Honeywell International, Morristown, who was paid $25.9 million in 2013. The next four highest-paid CEOS were from Realogy Holdings of Madison, Children’s Place Retail Stores of Secauacus, Johnson & Johnson of New Brunswick, and Prudential Financial of Newark. Salaries ranged from $24 million to $16.7 million in 2013.