CEO pay at US’s largest companies up 54% since recovery began in 2009

[unhappycamper]

http://www.theguardian.com/us-news/2015/jun/25/ceo-pay-america-up-average-employees-salary-down



While America’s CEOs have seen their compensation soar in the past six years, the average annual earnings of employees haven’t budged

CEO pay at US’s largest companies up 54% since recovery began in 2009
Suzanne McGee
Thursday 25 June 2015 07.00 EDT

Psst … want to earn a CEO’s hourly wage? You can. You’ll just have to toil for about five weeks to do it, without a single day off.

According to the latest annual survey by the Economic Policy Institute, a progressive think tank, CEOs at the 350 largest companies in the country pocketed an average of $16.3m in compensation each last year. That’s up 3.9% from 2013, and a whopping gain of 54.3% since the recovery began in 2009.

The average annual earnings of employees at those companies? Well, that was only $53,200. And in 2009, when the recovery began? Well, that was $53,200, too. In other words, while the CEOs have seen their compensation soar by 54%, the typical worker’s paycheck hasn’t budged.

You’d expect to see a gap between the earnings of the guy who is responsible for running the business and those that work there, of course; that would just reflect the greater burden on the former for keeping the whole show on the road (and the fact that if he doesn’t, his tenure can end very rapidly). Then, too, a CEO often is either a senior industry executive with considerable experience or, in the case of a smaller business or startup, its founder, who has put his own capital and reputation on the line to get the company going and keep it afloat.

[ybbor]

1. That's all?

They deserve so much more. They're the job creators after all.
(do I really need this?)

[raouldukelives]

2. Great gig for those lacking a conscience. nt

[daleanime]

3. Should be read daily....

until after President Sanders in office.

[mdbl]

4. they think they are royalty

The proletariat owe them that lifestyle since they do so much for them.

[RVN VET]

6. Allons enfants de la patrie, le jour de gloire est. . . anybody? Please!

[mdbl]

11. Good luck getting them off the couch

and away from their right wing talk radio

[LeftOfWest]

13. There was an American revolution to get rid of that 'born to it'

and 'tax the poor to keep me rich' bs.

And to help end the 'anointed by god to be the ruling rich not you poor over taxed saps' crap.

[SamKnause]

5. They have been referred to as

'the best and the brightest'.

They crashed the global economy.

They were called in to fix the global economy after they

intentionally crashed it.

They were given bailouts using the tax payer's money.

The very people they stole from were forced to bail them out.

The Federal Reserve loaned them trillions at 1/4% interest.

If only the United States had laws against theft and fraud.

They only see to apply to individuals not corporations.

Corporations are special entities.

They have the rights of human beings and

all the rights of corporations.

What kind of government sets up a system like this ???

[RVN VET]

8. What kind of system sets up a government like this?

Answer: one driven primarily by money, greed, and the acquisition of more and more power. The government doesn't permit the vile rich to get away with crimes against the world economy (and, by inference, humanity), the vile rich design a government that allows them to do so.

[HFRN]

7. I think the new trade bill will help fix this

as the CEO's I'm sure think it should be up 100% - or more

[valerief]

9. Well, the corporations have to put that money they're not paying in taxes somewhere.

[Doctor_J]

10. As the archdruid reports, banksters bonuses added up to the exact amount of

the bailout. Too bad we have a president and AG who think this is just fine. Fascism at its finest. And whether Bush or Clinton win next year, it's guaranteed to keep going.

Thanks, DINO's! You've made our party into theirs!

[Skittles]

12. aren't they just getting the pay raises we used to get?