Executive Pay Excess: A New Battlefront

[marmar]

from Too Much: A Commentary on Excess and Inequality:




Executive Pay Excess: A New Battlefront
April 17, 2011

Taxpayers, once again this year, are subsidizing over-the-top CEO pay by the billions. But now on the table: a promising new proposal that encourages corporations to share that excess — or else.

By Sam Pizzigati


The chief executives of America’s top 500 companies, Forbes reported last week, saw their pay rise an average 12 percent in 2010.

The week before last, the New York Times looked at 200 top companies and computed the median CEO pay hike for those 200 at 12 percent as well. The week before that, USA Today surveyed 158 big firms and calculated that CEO pay last year rose 27 percent.

In short, after a brief Great Recession interlude, corporate executive pay is cascading again — at the same time average American families, by the millions, are still facing foreclosures, frozen paychecks, and furloughs.

In fact, estimates Forbes, executive pay is now rising at least four times faster than the wages of average workers. .......(more)

The complete piece is at: http://toomuchonline.org/executive-pay-excess-a-new-battlefront/

[raccoon]

1. K&R. nt