Thursday, May 29, 2014

Trickling down works best when you stand below the privy

Freedom for all you proles!
...the median pay package for a CEO rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012, according to an Associated Press/Equilar pay study. Last year was the fourth straight that CEO compensation rose following a decline during the Great Recession. The median CEO pay package climbed more than 50 percent over that stretch. A chief executive now makes about 257 times the average worker's salary, up sharply from 181 times in 2009.
Green shoots are the result of the one-percent's great dropping of fertilizer upon you. And how is it working for those of the rest of us?
The 8.8 percent increase in total pay that CEOs got last year dwarfed the average raise U.S. workers received. The Bureau of Labor Statistics said average weekly wages for U.S. workers rose 1.3 percent in 2013.
Why it's almost as if they are calling the shots, isn't it? [cross-posted at Firedoglake]


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kingweasil said...

we like our CEO's to be making 257x the average workers salary, and it would be just crazy to give that money back to the investors wouldn't it?

Ebon Krieg said...

Who are you people?