HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Good Reads (Forum) » Over the last 30 years, C...
Introducing Discussionist: A new forum by the creators of DU

Mon Jun 25, 2012, 01:36 PM

Over the last 30 years, CEO pay has increased 127 times faster than worker pay.

According to an analysis by the pay research group Equilar, compensation for top bank CEOs grew by nearly 12 percent last year. The Financial Times noted that these increases occurred “despite widespread falls in profits and share prices“:

Top US and European bankers, including JPMorgan Chase’s Jamie Dimon and Citigroup’s Vikram Pandit, have enjoyed double-digit annual pay rises averaging almost 12 per cent, despite widespread falls in profits and share prices, Financial Times research shows.
The analysis of total pay awarded to 15 bank chiefs by Equilar, a US pay research group, shows they received an average 11.9 per cent pay rise last year to $12.8m, the second increase in a row. However, the pace of growth has slowed.
Bankers such as Brian Moynihan at Bank of America, Citigroup’s Mr Pandit and JPMorgan’s Mr Dimon enjoyed the largest gains.


According to a different estimate by Bloomberg News, Wall Street CEO pay grew by 20 percent last year. At the same time, worker wages grew by only 2.1 percent. And inflation adjusted wages actually declined by 0.6 percent between March 2011 and March 2012.





Over the last 30 years, CEO pay has increased 127 times faster than worker pay.

2 replies, 2922 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply Over the last 30 years, CEO pay has increased 127 times faster than worker pay. (Original post)
Ichingcarpenter Jun 2012 OP
aquart Jun 2012 #1
bighughdiehl Jun 2012 #2

Response to Ichingcarpenter (Original post)

Mon Jun 25, 2012, 01:58 PM

1. Parasites drinking our lifeblood.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to aquart (Reply #1)

Mon Jun 25, 2012, 02:54 PM

2. yep....

they outsource our jobs are just cut pay for those of us who just want to live....
not golf and yacht all day. Then they expect their contracts and other welfare payments
to continue unabated from a shrinking tax-base that results from their job-destruction
and their own refusal to pony up from their unimaginably bloated wealth.
Leeches sucking more and more blood out of fewer and fewer asses.
Then they have the gall to use their puppets in the media to lecture us about
"work ethic" while they yacht and play golf all day.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread