Average CEO Salary Reached A New Record High Of $9.7 Million In 2012

[marmar]

Think Progress / By Aviva Shen

Average CEO Salary Reached A New Record High Of $9.7 Million In 2012
Skyrocketing executive salaries since deregulation in the 1980s helped the top 1 percent of Americans expand their share of income, even as worker pay has stagnated.

May 22, 2013 |


The average CEO salary broke records in 2011 at $9.6 million — and now, that record high has been topped by 2012 salaries, which averaged out to $9.7 million. Health care and media CEOs enjoyed the highest pay, while utility CEOs had the lowest at $7.5 million. Sixty percent of CEOs got a raise last year.

Though CEO pay dropped slightly after the financial crisis, it quickly rebounded to reach new heights in 2010, 2011, and now 2012. Simultaneously, the pay gap between CEOs and workers has also broken records, as the average CEO in 2012 earned 354 times more than the average worker.

During the recession, some companies changed their compensation formulas to incorporate more stock as a way to tie executives’ salaries to the company’s performance. As the stock market enjoys all-time highs, CEO pay has also soared. Yet the stock market’s rally has not been felt by most middle and low income families, as the housing market recovers in fits and starts. As a result, income inequality has been exacerbated in the first two years of the recovery.

Skyrocketing executive salaries since deregulation in the 1980s helped the top 1 percent of Americans expand their share of income, even as worker pay has stagnated. .......................(more)

The complete piece is at: http://www.alternet.org/average-ceo-salary-reached-new-record-high-97-million-2012

[Rosa Luxemburg]

1. Teacher's pay didn't increase much did it?

[Celldweller]

2. what really gets me is...

high compensation packages for businesses that LOSE money. Those CEO should be paid minimum wage and be charged parking fees lol.

If the shareholders can agree by a vote that Mr. Smith deserves $100m/year it's THEIR money so who cares.

Of course school teachers are underpaid... $30k/year for a starting teacher in some parts of the nation is silly.

[Rosa Luxemburg]

3. This country still has the Feudal system