CEO pay soars while workers' pay stalls

[kpete]

Source: USA Today

CEO pay soars while workers' pay stalls
By Matt Krantz and Barbara Hansen, USA TODAYUpdated 4m ago | 1032 | 13

CEOs didn’t have to cry poor for long.


The heads of the nation’s top companies got the biggest raises in recent memory last year after taking a hiatus during the recession.

At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics.

Two years of scaling back amid tough economic times proved temporary as three-quarters of CEOs got raises in 2010 — and, in many cases, the increases were substantial.

Read more: http://www.usatoday.com/money/companies/management/2011-03-31-ceo-pay-2010.htm

[Tuesday Afternoon]

1. I guess we can always eat cake. K&R

[xchrom]

2. recommend

[fascisthunter]

3. Average Americans are Sacrificing for these Pukes

the US's economic problem in a NUTSHELL.

[salinen]

4. The President

could not have helped this situation?

[lonestarnot]

5. 27%.

[woo me with science]

6. K&R nt

[Stuart G]

7. K and R nt

[bobthedrummer]

8. Kick

Fact: Milwaukee Wisconsin had three Socialist Mayors.
:thumbsup: