Pope Leo XIV condemns exorbitant CEO salaries amidst rising inequality

Pope Leo XIV, the first American pope in history, was elected on May 8, 2023. In a recent interview, he expressed concern over the stark income inequality in society, highlighting that the salaries of chief executives have grown disproportionately compared to those of average workers. He specifically pointed out the compensation package for Elon Musk, which is valued at a trillion dollars, as an example of this disparity. The pope articulated his apprehensions regarding the potential implications of such wealth concentration, suggesting that if wealth is viewed as the primary value, society is 'in big trouble.' Leo further explained that the current wage gap, with CEOs earning 600 times more than average workers, is alarming and is contributing to growing polarization in communities. He discussed the evolving role of the United Nations, stating that it has lost its capacity to unify nations on critical multilateral issues, including persistent global conflicts such as the Russia-Ukraine war. Despite being relatively new to his leadership position, he recognized the challenges he faces as a world leader, acknowledging a significant learning curve in his role. In addition to his commentary on economic and social issues, Leo, who has lived much of his life in Peru, conveyed his support for social justice, sustainability, and poverty alleviation. He plans to continue addressing these subjects along the lines set by his predecessor, Pope Francis, while infusing his own perspectives. On another note, he mentioned his potential support for Peru in the World Cup if they were to compete against the U.S., showcasing his mixed national identity. Leo’s remarks and approach highlight his commitment to addressing pressing issues affecting humanity while adapting his leadership style to his newfound role. Lastly, as he celebrated his 70th birthday, the pontiff expressed gratitude to his supporters during a public appearance, reinforcing a connection with his audience that he aims to maintain as he navigates the multifaceted responsibilities of the papacy. His tenure thus far has reflected an acute awareness of the socio-economic climate and a commitment to advocating for the marginalized.