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Saturday, June 27th, 2015

CEO Pay Up 54% Since Recovery Began In 2009, Average Worker Pay Stagnant

Author:    
Source:     Mint Press News/Guardian (U.K.)
Publication Date:     June 25, 2015
 Link: CEO Pay Up 54% Since Recovery Began In 2009, Average Worker Pay Stagnant
Stephan:   Here are some home truths about what wealth inequity really means. This disparity is destroying our culture but we don't seem to have the political will to do anything about it.
Chairman and Chief Executive Officer of ExxonMobil Rex W. Tillerson, featured, at the World Economic Forum in Davos, Switzerland, January 2009. Tillerson's paycheck reached $40.2 million last year, which the Securities and Exchange Commission might require him along with other company CEOs to compare their salaries with the folks who work for them. Credit: World Economic Forum via Flickr

Chairman and Chief Executive Officer of ExxonMobil Rex W. Tillerson, featured, at the World Economic Forum in Davos, Switzerland, January 2009. Tillerson’s paycheck reached $40.2 million last year, which the Securities and Exchange Commission might require him along with other company CEOs to compare their salaries with the folks who work for them.
Credit: World Economic Forum via Flickr

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 […]

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