Wednesday, 25 February 2009

364 times that of the average American worker

I found an article saying that a "study by the Institute for Policy Studies and Boston-based group United for a Fair Economy found that the CEOs of the 500 largest U.S. companies took home an average of $10.8 million in total compensation in 2006." Now, the graphic I have posted above and the article that I read are a few years old, but I think the point has been made. These guys get paid way too much, and it is very simple to see in a chart. If this chart was a stock, I would the short the hell out of it. But oddly (or not), CEO pay continues to rise even as we progress into the coming depression. You are hearing a lot of CEOs recently saying they won't take their bonuses because it wouldn't be right. Their bonus doesn't matter because they get paid 364 times more than the "little guy", they could care less. So, now tax-paying citizens are supposed to bailout these failed institutions with incompetent and overpaid CEOs who are the ones who ran these companies into the ground. That seems fair.

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