This Is the Company That Pays Its Workers the Least

By Douglas A. McIntyre Published Jul 12, 7:30AM EDT

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This Is the Company That Pays Its Workers the Least — © Thinkstock

Very few people have heard of Aptiv, which makes auto parts. However, it is the American company that pays its workers the least — a shocking $5,906 a year. That is sharply below companies like McDonald’s, where the figure is close to $24,000, based on an hourly wage of $13. McDonald’s is often listed as having among the lowest-paying jobs in America.
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The Aptiv data comes from MyLogIQ, which provided that information to The Wall Street Journal:

According to the SEC, the Aptiv CEO got a huge pay package compared to employees. It disclosed in its DEF14A: The Median Employee’s annual total compensation is $5,906. When compared to our CEO’s annual total compensation of $31,267,329 (which is the total compensation reported for him in the 2020 Summary Compensation Table for 2020), the ratio of the total annual compensation of our CEO to the total annual compensation of our Median Employee was approximately 5,294:1.

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Aptiv’s chief executive officer is Kevin P. Clark, and the company has over 150,000 employees. Raj Gupta, chair of the compensation committee, commented, “Our management team demonstrated exceptional performance throughout this unprecedented year by taking early and decisive actions to put the safety and welfare of our employees first, while preserving and enhancing the Company’s financial flexibility.” That clearly did not include paying them well.

Aptiv makes a huge amount of money. According to its annual report in 2020, revenue was $13.1 billion and earnings totaled $1.94 per share. Aptiv was once part of Delphi Automotive. After it was spun out, the company described itself as a “technology company that develops safer, greener and more connected solutions for a diverse array of global customers.” Among the ironies of the Aptiv pay levels for employees is that tech companies often offer among the highest pay packages in the world. From that standpoint, it is a true outlier.

Click here to read about the 25 lowest-paying jobs in America.
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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.