Last I looked at the most cited version of that ratio, it was comparing Fortune 500 CEO total compensation—including incentive-based stock appreciation—to economy-wide average hourly wages.
That makes about as much sense as comparing top 500 Hollywood actor earnings (including residuals) with the day wages of the folks showing up in TV commercials and as film extras.
The BLS keeps statistics on Chief Executives in general, and pegs their median wages around $200k: