How executive compensation affects the way ordinary workers are treated. [...]
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How executive compensation affects the way ordinary workers are treated. [...] he says “in the late 1970s, chief executive pay was 35 times that of the average American worker” but “in 2007, the total compensation of chief executives in large American corporations was 275 times that of the salary of the average worker”. [...] September 4, 2008 The Facts The S & P’s top 500 CEO’s were paid an average of $10.5 million in 2007 which is 344 times what the typical American worker makes, according to a report by the Institute for Policy Studies and United for a Fair Economy. The top 50 hedge fund managers averaged $588 million each, 19,000 times higher than the average American worker. The top paid hedge fund manager, John Paulson of Paulson & Company, earned $3.7 billion last year. Continue Reading » » |
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