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Less paid CEOs are more honest
Christian Science Monitor ^ | September 18, 2002 | David R. Francis

Posted on 09/18/2002 6:42:17 AM PDT by A. Pole

[...]
A study by Klinger's group last month found that CEOs at 23 companies under investigation for accounting fraud made an average of $62.2 million during 1999-2001, 70 percent more than CEOs at comparable companies with clean records.

Last year the average CEO of a major company got 411 times the pay of the poorest-paid worker. Thanks largely to falling stock prices, and their impact on stock options, that's down from 531 times in 2000. But if the average annual pay of a production worker had grown at the same rate as CEO pay since 1990, that worker would have earned $101,156 in 2001 – not the $25,467 he or she actually got.
[...]


TOPICS: Business/Economy; Culture/Society
KEYWORDS: ceo; disparity; enron; fraud; pay; workers

1 posted on 09/18/2002 6:42:18 AM PDT by A. Pole
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To: A. Pole
made an average of $62.2 million during 1999-2001

Is that $62 million over 3 years?

that CEOs at 23 companies

What is the net worth and combined sales of these 23 companies during 1999-2001?

2 posted on 09/18/2002 6:47:07 AM PDT by Tai_Chung
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