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Pope Leo XIV Decries Soaring CEO Pay, Questions UN Effectiveness in First Interview

The remarks signal an agenda centered on socioeconomic justice alongside diplomatic realism.

Overview

  • He warns that the income gap is widening and driving global polarization, calling some executive salaries excessive.
  • He cites a stark disparity, saying CEOs once earned four to six times a worker’s pay but now earn about 600 times as much.
  • He points to Elon Musk as an example, referencing reports he could become the first dollar‑trillionaire while stressing that such wealth as a sole value is a problem.
  • Context from media reports notes Bloomberg’s estimate of Musk’s wealth at about $419 billion and a Tesla board proposal of up to $1 trillion in potential compensation, pending approval.
  • He says the United Nations has, at least for now, lost the capacity to convene effective multilateral action, and adds he is still learning the demands of global leadership after his May election.