Policy Decisions Bob Iger, the CEO of Disney, was paid $423 million over four years for his services. If the typical Disney worker is paid an annual salary of $25,000, how much higher is the CEO’s annual salary in percentage terms?

Answer 1

To calculate the percentage difference between the CEO's annual salary and the typical Disney worker's annual salary, we first need to determine the CEO's annual salary.

Bob Iger was paid $423 million over four years. To find his annual salary, we divide this total by 4:

$423,000,000 / 4 = $105,750,000

Now we can compare the CEO's annual salary to the typical Disney worker's annual salary:

CEO's annual salary: $105,750,000
Typical worker's annual salary: $25,000

To find the percentage difference, we calculate the difference between the two salaries and then divide by the typical worker's salary and multiply by 100:

($105,750,000 - $25,000) / $25,000 * 100 = 422,900%

Therefore, the CEO's annual salary is 422,900% higher than the typical Disney worker's annual salary.