CEOs make 373 times what average workers earn

[Yo_Mama_Been_Loggin]

The average CEO made 373 times what the average American worker did in 2014, according to an annual study by the AFL-CIO.

While that disparity seems extreme, it is less so than the disparity that existed in 2000 when CEOs were making 525 times more than the average worker. In 2013, CEOs took home 331 times what average workers were paid.

Brandon Rees, who works in the investment office of the AFL-CIO, said the corporate scandals of the 2000s, the Sarbanes-Oxley Act of 2002, the 2008 recession, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 all affected CEO compensation.

-snip-

In 1980, Business Week calculated the average chief executive was paid 42 times what the average worker made. Ten years later, the disparity was 85 times the average worker’s salary.

http://www.heraldnet.com/article/20150514/BIZ02/150519419

[kenfrequed]

1. It is revolting.

Or at least maybe it should literally induce revolting.

This is yet another reason I support Bernie Sanders.

[daleo]

2. It is interesting that the ratio has come down a bit

Perhaps even American CEOs are being affected by off-shoring?

Just as likely, they are doing a better job of hiding their income.

[lpbk2713]

3. And when they leave they get a staggering golden parachute.

Even if they are being replaced because their organization is
not performing well some still get a bonus in the $$ Millions.


Lee Raymond's Exxon Mobil $400 Million retirement package comes to mind ...
Link: http://thinkprogress.org/politics/2006/05/03/5161/exxon-ceo-retirement/

[liberal_at_heart]

4. K&R. The workers need someone to fight for them, not for the CEOs. We need Bernie.

[AZ Progressive]

5. Imagine being paid roughly $6000 an hour, that's what an average CEO makes

According to this: http://www.theglobalist.com/just-facts-ceos-rest-us/

"Put another way, the average U.S. CEO took home about $5,894 in pay for every hour of work last year (based on 52 40-hour weeks)."

[Initech]

6. Work should be in quotation marks.

What work does an American CEO do other than screw over their employees and make vast sums of money?

[olddots]

7. I hope they taste like chicken

[woo me with science]

8. kick