Skip to comments.Revealed: huge increase in executive pay for America's top bosses
Posted on 12/15/2011 4:48:26 AM PST by TSgt
Exclusive survey shows America's CEOs enjoyed pay hikes of up to 40% last year with one chief executive earning $145m
Chief executive pay has roared back after two years of stagnation and decline. America's top bosses enjoyed pay hikes of between 27 and 40% last year, according to the largest survey of US CEO pay. The dramatic bounceback comes as the latest government figures show wages for the majority of Americans are failing to keep up with inflation.
America's highest paid executive took home more than $145.2m, and as stock prices recovered across the board, the median value of bosses' profits on stock options rose 70% in 2010, from $950,400 to $1.3m. The news comes against the backdrop of an Occupy Wall Street movement that has focused Washington's attention on the pay packages of America's highest paid.
(Excerpt) Read more at guardian.co.uk ...
If the board of directors think that is what they are worth then it’s nobodies’ damn business!
Capitalism warts and all is still ten zillion times better than anything else.
I like how some companies do it.
They require the CEO to heavily invest in their company, so if the company goes down, so does the CEO.
That sounds nice until you consider the incestuous nature of corporate boards.
I’ll agree it’s better than anything else but they don’t do themselves any favors.
Good, and I hope they give them the biggest, fastest corporate jets possible.
Not a sarcasm. I want our companies to be the richest and most powerful in the world, headed by the best CEO’s money can buy.
Unfortunately, the companies aren’t paying what they think a CEO is worth. It’s now become a rigged game, where you have inter-connected CEO’s sitting on each other’s boards guarenteeing out of control wages to each other, regardless of a companies performance or whether a company can even afford to pay it out.
If the CEO’s for their interest destroy a company, they just move on to the next one.
Just like John Corzine.
Why don’t you tell us how much you earn so we can determine whether we BELIEVE it’s egregious. If you can’t prove CEO salaries are detrimental to the economy, then you are merely showing jealousy.
The boards are “incestuous” as you put it, because the directors are the biggest stockholders, meaning in essence they own the companies in large part.
Investors can choose to get involved in the companies or not. We are not getting a basic course in economic realiy from these headlines.
If it worked, I’d be fine with it too.
But it’s not working any longer. Would you really say that American companies are out-performing the rest of the world?
Well, I’m in the upper tax brackets but it’s under a million. ;-) I’m not jealous at all, I have a very nice income and lifestyle.
My concern is the uneven balance which fosters social unrest and the fact that they simply are worth what they are paid especially when the drive a company into the ground.
I’ve worked with many C-Suite types and know from personal experience that most aren’t worth what they are paid.
Please tell us what laws that you can prove were broken by corporate CEOs.
If the CEO’s “destroy a company” the “next one” will profit as a result.
All of this discussion is ass backward. Just like the corporate jet issue. I don’t want the CEO of Ford showing up to meet, say, the Japanese Prime Minister, after booking a coach flight on Southwest Airlines. I want him to say “be right there” and then arrive in something taht looks like Queen Amidala’s spaceship.
Our companies, CEO’s and people should be the richest in the world. Making our CEO’s be humble is like playng no winner softball games. It will not produce Babe Ruth.
I wish the media would do more stories on “rich” politicians especially those like Reid who made is riches as a Senator.
As Rush would say, HMMMMMMMMMMMMMMMMMMMMMMMM!
I have no issues with corporate jets. They are a corporate asset.
If a CEO runs a company into the ground, I cannot expect him to know how to run a company profitably, but he’ll still make millions of dollars destroying companies.
This is more agenda driven science. These numbers are likely cherry picked to bolster the Occucommies.
Pray for America
Do you suggest we “regulate” both Capitalism AND the US Constitution in order to "fix" these problems?