The salary of a chief executive officer (CEO) in South Africa is only US$7.14 million. However, the per capita income is also low, at US$13,000. Compared to per capita income, the CEO's salary in South African companies is more than 500 times higher. This means that the salaries of CEOs in the southernmost African country are far above the income of the local population. This figure is significantly higher than the CEO-to-per-capita income ratio in India (483 times) and the United States (approximately 300 times).
According to the Global CEO Pay Index released by Bloomberg on November 16, 2016, among the 25 countries with the largest stock market capitalization in the world, the CEO compensation in Thailand is the lowest, ranking last. The ratio of CEO income to per capita income in Thailand is only 3.94 times. Meanwhile, in China, the CEO-to-per-capita income ratio is 43 times, ranking 23rd, and higher than Poland, which is ranked 24th.
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