CEOs of Indiana-based S&P 500 companies on average made 291 times more than the average Hoosier worker last year, according the newly released AFL-CIO Executive Paywatch.

The annual study by the Washington D.C.-based federation of labor unions found CEOs nationally make 335 times more than rank-and-file workers with outsourcing widening economic inequality even more. In Indiana, the average worker made $41,486 while the average CEO of an S&P 500 company makes $12 million.

"The income inequality that exists in this country is a disgrace. We must stop Wall Street CEOs from continuing to profit on the backs of working people," AFL-CIO President Richard Trumka said in a press release.

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The AFL-CIO study includes a searchable database of executive pay. In Northwest Indiana, former NiSource CEO Robert Skaggs Jr. made $4.3 million before he took over the spun-off Columbia Pipeline Group. Horizon Bancorp CEO Craig Dwight made $800,890 last year. Christopher Murphy, CEO of 1st Source Bank, which is based in South Bend but has an extensive presence in Porter and LaPorte counties, took home $1.4 million in 2015.

Nationally, workers earned an average of $36,900 last year, a wage the AFL-CIO says has been stagnant for 50 years when adjusted for inflation.


Business Reporter

Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.