ECONOMY-US: It's (Really) Good to Be the Boss, page 1
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Topic started on 1-9-2007 @ 05:42 AM by khunmoon

ECONOMY-US: It's (Really) Good to Be the Boss


ipsnews.net
This year's 364-to-1 CEO-to-worker pay gap remains a massive increase from previous decades: in 1990, the rate was 107-to-1, and in 1980, it was only 40-1, according to the study.

The findings about CEO pay come in the context of a larger debate over growing income inequality in the U.S.

Defenders of the George W. Bush administration's economic policies point to robust levels of growth in recent years, while critics contend that most if not all of the gains have gone to the richest citizens.

(visit the link for the full news article)


reply posted on 2-9-2007 @ 07:19 PM by khunmoon
reply to post by apc


I agree the market should regulate the salaries of excecutives, but I do find it necessary for governments to set minnimum wages.

As for the excorbitant payouts CEOs recieve they're caused by endless greed and a corruption of any moral.

Note in the source link, it says


Although recent changes to the rules for reporting income make it difficult to precisely compare this year's CEO-worker wage gap to previous years, Anderson said that athe trends had not changed significantly.

"We certainly haven't seen any real retreat on CEO pay," she said. "Even companies that are heading towards crisis are continuing to pay huge sums."

Please visit the link provided for the complete story.


[edit on 2-9-2007 by khunmoon]
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