This makes me about as angry as the war of lies!

[lonestarnot]

http://biz.yahoo.com/rb/070829/usa_economy_pay.html?.v=1

CEO pay and benefits on the rise: report
Wednesday August 29, 12:15 pm ET
By Joanne Morrison


WASHINGTON (Reuters) - Top executives at major businesses last year made as much money in one day of work on the job as the average worker made over the entire year, according to a report released on Wednesday.
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Chief executive officers from the nation's biggest businesses averaged nearly $11 million in total compensation, according to the 14th annual CEO compensation survey released jointly by the Institute for Policy Studies based in Washington and United for a Fair Economy, a national organization based in Boston.

At the same time, workers at the bottom rung of the U.S. economy received the first federal minimum wage increase in a decade. But the new wage of $5.85 an hour, after being adjusted for inflation, stands 7 percent below where the minimum wage stood a decade ago.

"CEO pay, over that same decade, has increased by roughly 45 percent," the study found.

On average, CEOs at major American corporations saw $1.3 million in pension gains last year. By contrast, 58.5 percent of American households led by a 45- to 54-year old even had a retirement account in 2004, the most recent year these figures were available.

[The Vinyl Ripper]

1. It would be interesting to know..

Just how many of those companies are losing money.

The higher up the employment ladder you go, the less remuneration has to do with performance.

[lonestarnot]

2. Yes it would. Ticks sucking the lifeblood should be ousted.