As most American families continue to struggle withhigh unemploymentandstagnant wages, CEOs at the country's 350 biggest companies saw their pay jump 11% last year to a median of $9.3 million, according to astudyconducted for the Wall Street Journal. Thesurveylooked at direct compensation — salary, bonuses, and long-term incentive awards — and did not include assets like stock options:
For the surveyed CEOs, the sharpest pay gains came via bonuses, which soared 19.7% as profits recovered, especially in some hard-hit industries. … Net income rose by a median of 17%; shareholders at those companies enjoyed a median return, including dividends, of 18%.
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3 comments:
The fault rests squarely on the shoulders of the consumers. We have become dependent upon their goods. We have put ourselves in the position where we mjust have the products produced by these companies or we cant do business. So we continue to buy them and send money to these companies that pay these high salaries. What will we now expect? Will we expect the government to step in and limit what companies? Do we want that degree of government intrusion into the lives of American companiies? I don't. Make the decision to do without the products made by companies that engage in this glutony. If enough of us do, you will soon see them change the way they do business.
I am absolutely horrified by this. To think we have this report along with the report that the tax burden on Americans over the last 2 years is at historical lows. I am apalled that this would happen under this evil socialist communist anticapitalist antiamerican president
Corporate America just LOVES a nice big fat juicy Recession!
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