Saturday, April 02, 2011

CEO salaries jump a whopping 27% while workers get peanuts...


The heads of the nation’s top companies got the biggest raises in recent memory last year after taking a hiatus during the recession.

At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics.

Two years of scaling back amid tough economic times proved temporary as three-quarters of CEOs got raises in 2010 — and, in many cases, the increases were substantial. More...

Don't miss:
  1. Barclays gives £10m pay and bonus deals to two bankers!
  2. Goldman Sachs boss Lloyd Blankfein gets $15m pay award...
  3. CEO's who lay off workers get paid more!!! Wow! That's a big surprise... 
  4. The boss that fired herself to save her employees!!!
  5. Indian executive burnt alive by sacked workers...
  6. Anger in Britain over "work until you drop" retirement plan... 

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