Saturday, May 26, 2012

$10 million a year: the average salary of an American CEO...

If you weren’t sold on the whole Occupy Wall Street thing before, then listen up — despite the United States still in the process of picking itself out of a major recession, the average corporate CEO raked in nearly $10 million apiece in 2011.

The results of a study published on Friday by the Associated Press reveal that, on average, the chief executive officers at public companies raked in around $9.6 million each last year.

But how does that rack up when compared to the average American? The median pay for a worker in the US in 2011 was clocked in at only $39,300 last year.

The AP has analyzed the payouts from 2011 issued to CEOs of public companies to come to these results and, for the average American, the findings may be beyond depressing. The highest CEO, in fact — David Simon — brought in $137.2 million last year, a 458 percent increase from the year before. Full story...

Related posts:
  1. Greedy Euro MPs demand pay rise as the EU falls apart...
  2. India factory workers revolt, kill company president...
  3. Bankers and CEOs raping and pillaging the nation...
  4. Bosses' bonuses up by 187% since 2002...
  5. Salaries for top executives are rocketing 'out of control'
  6. Goldman Sachs boss Lloyd Blankfein gets $15m pay award...
  7. CEO salaries jump a whopping 27% while workers get peanuts...
  8. G Sachs pay out $111million in bonuses despite taking billions in bailout money..

No comments:

Post a Comment