11 million (which is total compensation) divided by say 240 working days is about $45.8K a year. To be a real comparison that would be $45.8K of total compensation for the employee too, so should include contribution to benefits and 401Ks etc, but even forgetting that and comparing total CEO compensation to only hourly wage that would be about $22 an hour.
Still an absurdly imbalanced situation of course, but looks an awful lot like they used median income to me.
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