http://jimhightower.com/node/7420?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+JimHightowerNews+%28Jim+Hightower%27s+News+and+Commentaries%29 Corporate America is back! The recession is over, corporate profits rose by 47 percent last year, and these giants are now awash in cash, having some $2 trillion stashed in their vaults. So, at last, the directors of corporate America are declaring that it's time for long-suffering employees to see their paychecks catch up to pre-recession levels.
Great, huh?
Oh, I hope you didn't think they meant your paycheck. No, no, Bucko. It's the CEOs the directors are concerned about. While plain old workers did receive a two-percent boost in their wages in the past year, practically every penny of this tiny increase was gobbled up by inflation. But top executives did much, much better, enjoying a median pay hike of 27 percent more than they got the previous year. This adds up to a nice round number of $9 million in pay for each of them.
Of course, many did far better than that mid-level number. The barista-in-chief at Starbucks, for example, poured $21 million into his cup. The big cheese at Disney Inc. snapped up $28 million for his year at the helm of the Mickey Mouse empire. Black & Decker's top tool got $32 million. But the richest haul of all was made by the honcho of the media giant, Viacom – he reeled in $84 million.
More at the link --