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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCongrats, CEOs! You’re making 273 times the pay of the average worker.
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/26/congrats-ceos-youre-making-273-times-the-pay-of-the-average-worker/Want to know exactly how much richer the average chief executive is than you and me? Take a look at the Economic Policy Institutes latest white paper, which tracks the growth of CEO compensation over the last half century. Here are the major takeaways:
Average pay for the CEOs of the top 350 firms, including the stock options they exercised, was $14.1 million in 2012up 37.4 percent from 2009.
Thats a bit higher than it would be if you just measured stock options granted. Firms apparently pared back the value of new options granted because CEOs fared so well by cashing in options as stock prices grew, the reports authors write.
The ratio of CEO pay to average worker pay is 273-1, down from a high of 383-1 in 2000, but up from 20-1 in 1965.
CEO pay has increased faster than wages to high-skilled workers, suggesting that the salary market isnt very efficient.
Consequently, if CEOs earned less or were taxed more, there would be no adverse impact on output or employment, the report concludes.
CEO pay is now also closely tracking the S&P 500 index, which didnt used to be the case.
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Congrats, CEOs! You’re making 273 times the pay of the average worker. (Original Post)
xchrom
Jun 2013
OP
hobbit709
(41,694 posts)1. And doing 1/273 of the actual work.
Sherman A1
(38,958 posts)2. What?
They have to work?
When did that kind of thing start?
There are golf outings, lunches, dinners, banquets, tennis games, sailing, travel and alike to attend.
What is this silly work thing of which you speak?
Fire Walk With Me
(38,893 posts)3. K&R!
daleanime
(17,796 posts)4. There by insuring...
that plenty of $ is available for buying our government.
malaise
(269,246 posts)5. K & R
Frightening indeed!
B Calm
(28,762 posts)6. Compare your salary to your CEO's