Holly Sklar writes in July 2003 for People's Weekly World: CEO pay still outrageous
[A]verage CEO pay in Business Week’s survey was $7.4 million. It would take 241 years for an average worker paid $30,722 to make that amount.
You know CEO pay is still out of control when Fortune magazine puts a smiling pig in a suit on the cover and headlines its pay roundup, “Have they no shame? Their performance stank last year, yet most CEOs got paid more than ever.” Fortune, remember, is a leading business magazine, not a union publication.
Back in 1980, CEOs made 45 times the pay of average workers. Last year [2002], they made 241 times as much. By contrast, British CEOs made 25 times as much as workers, Canadians 23 times as much and Germans 13 times as much.
Today, Bill Rigby writes for Reuters:
U.S. CEOs now get paid more than 500 times what the average worker earns, according to a survey by Towers Perrin, compared to about 10 times in Japan. In 1980 it was only about 40 times. article
....but hey, do what you want....you will anyway.
Thursday, February 19, 2004
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