Etsy Announces $40M Bonus for CEO Right After the Sellers’ Strike

Why Etsy Sellers Are Angry / Post from EtsyStrike.org

Crain’s New York Business reported just after the Etsy sellers’ strike ended that Etsy CEO Josh Silverman was awarded more than $40 million in compensation in 2021, or 20 times more than the prior year.

We all know that corporate pay packages have been getting obscenely fat, and the gap between executive and worker pay growing ever larger. But even mainstream business media like Yahoo! Finance reported that Etsy’s recent executive pay increases raise eyebrows in comparison to other tech firms:

According to the Economic Policy Institute, this gap is nearly as wide as ever: “CEO-to-worker compensation ratio was 21-to-1 in 1965. It peaked at 366-to-1 in 2000. In 2020 the ratio was 351-to-1.” … According to Bloomberg’s math, Amazon, Starbucks, Apple and Activision Blizzard CEOs were all paid more than 1000 times the average workers. Google was 21–1. Etsy wasn’t tracked.

Speaking of Etsy, it’s not just the CEOs who are raking it in. It’s the entire C-Suite. I could say the same for other companies on this list [Apple, Google, Starbucks, Amazon, Activision Blizzard]. For example Apple’s NEOs make around $26 million a year, (though that company is far bigger, more successful…