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Sat Jun 27, 2015, 05:29 AM

CEO pay at USís largest companies up 54% since recovery began in 2009

http://www.theguardian.com/us-news/2015/jun/25/ceo-pay-america-up-average-employees-salary-down



While Americaís CEOs have seen their compensation soar in the past six years, the average annual earnings of employees havenít budged

CEO pay at USís largest companies up 54% since recovery began in 2009
Suzanne McGee
Thursday 25 June 2015 07.00 EDT

Psst Ö want to earn a CEOís hourly wage? You can. Youíll 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 each last year. Thatís up 3.9% from 2013, and a whopping gain of 54.3% since the recovery began in 2009.

The average annual earnings of employees at those companies? Well, that was only $53,200. And in 2009, when the recovery began? Well, that was $53,200, too. In other words, while the CEOs have seen their compensation soar by 54%, the typical workerís paycheck hasnít budged.

Youíd expect to see a gap between the earnings of the guy who is responsible for running the business and those that work there, of course; that would just reflect the greater burden on the former for keeping the whole show on the road (and the fact that if he doesnít, his tenure can end very rapidly). Then, too, a CEO often is either a senior industry executive with considerable experience or, in the case of a smaller business or startup, its founder, who has put his own capital and reputation on the line to get the company going and keep it afloat.

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Arrow 13 replies Author Time Post
Reply CEO pay at USís largest companies up 54% since recovery began in 2009 (Original post)
unhappycamper Jun 2015 OP
ybbor Jun 2015 #1
raouldukelives Jun 2015 #2
daleanime Jun 2015 #3
mdbl Jun 2015 #4
RVN VET Jun 2015 #6
mdbl Jun 2015 #11
LeftOfWest Jul 2015 #13
SamKnause Jun 2015 #5
RVN VET Jun 2015 #8
HFRN Jun 2015 #7
valerief Jun 2015 #9
Doctor_J Jun 2015 #10
Skittles Jun 2015 #12

Response to unhappycamper (Original post)

Sat Jun 27, 2015, 06:40 AM

1. That's all?

They deserve so much more. They're the job creators after all.
(do I really need this?)

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Response to unhappycamper (Original post)

Sat Jun 27, 2015, 07:26 AM

2. Great gig for those lacking a conscience. nt

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Response to unhappycamper (Original post)

Sat Jun 27, 2015, 07:28 AM

3. Should be read daily....

until after President Sanders in office.

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Response to unhappycamper (Original post)

Sat Jun 27, 2015, 07:37 AM

4. they think they are royalty

The proletariat owe them that lifestyle since they do so much for them.

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Response to mdbl (Reply #4)

Sat Jun 27, 2015, 08:14 AM

6. Allons enfants de la patrie, le jour de gloire est. . . anybody? Please!

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Response to RVN VET (Reply #6)

Sat Jun 27, 2015, 03:00 PM

11. Good luck getting them off the couch

and away from their right wing talk radio

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Response to mdbl (Reply #4)

Wed Jul 29, 2015, 04:12 AM

13. There was an American revolution to get rid of that 'born to it'

 

and 'tax the poor to keep me rich' bs.

And to help end the 'anointed by god to be the ruling rich not you poor over taxed saps' crap.


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Response to unhappycamper (Original post)

Sat Jun 27, 2015, 08:07 AM

5. They have been referred to as

'the best and the brightest'.

They crashed the global economy.

They were called in to fix the global economy after they

intentionally crashed it.

They were given bailouts using the tax payer's money.

The very people they stole from were forced to bail them out.

The Federal Reserve loaned them trillions at 1/4% interest.

If only the United States had laws against theft and fraud.

They only see to apply to individuals not corporations.

Corporations are special entities.

They have the rights of human beings and

all the rights of corporations.

What kind of government sets up a system like this ???

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Response to SamKnause (Reply #5)

Sat Jun 27, 2015, 08:17 AM

8. What kind of system sets up a government like this?

Answer: one driven primarily by money, greed, and the acquisition of more and more power. The government doesn't permit the vile rich to get away with crimes against the world economy (and, by inference, humanity), the vile rich design a government that allows them to do so.

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Response to unhappycamper (Original post)

Sat Jun 27, 2015, 08:15 AM

7. I think the new trade bill will help fix this

 

as the CEO's I'm sure think it should be up 100% - or more

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Response to unhappycamper (Original post)

Sat Jun 27, 2015, 09:41 AM

9. Well, the corporations have to put that money they're not paying in taxes somewhere.

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Response to unhappycamper (Original post)

Sat Jun 27, 2015, 10:28 AM

10. As the archdruid reports, banksters bonuses added up to the exact amount of

 

the bailout. Too bad we have a president and AG who think this is just fine. Fascism at its finest. And whether Bush or Clinton win next year, it's guaranteed to keep going.

Thanks, DINO's! You've made our party into theirs!

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Response to unhappycamper (Original post)

Sun Jun 28, 2015, 05:25 AM

12. aren't they just getting the pay raises we used to get?

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