CEO Pay Is 380 Times Average Worker's, Says AFL-CIO

By Jennifer Liberto

WASHINGTON -- Chief executives at some of the nation's largest companies earned an average of $12.9 million in total pay last year -- 380 times more than a typical American worker, according to the AFL-CIO.

Average CEO pay rose 14 percent compared to 2010, when they earned $11.4 million on average, according to the union group.