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    New Blog Address: management.curiouscatblog.net

    Thursday, June 22, 2006

    More on Obscene CEO Pay

    Study site: CEO-worker pay imbalance grows includes the graph above.

    Unfortunately this reverse robin hood (steal from the workers, stock holder, customers...) and give to the CEO tale continues. Hopefully someday soon we can at least turn the momentum in the right direction (stopping these incredibly excessive "pay" packages). Even then it will take quite a deal of reducing these ridiculous "pay" packages to reach some sense of decency. CNN article based on the report: CEO Paycheck: $42,000 a day by Jeanne Sahadi:

    Put another way, the average worker -- who earned $41,861 in 2005 -- made about $400 less last year than what the average large-company CEO made in one day. That assumes 260 days of pay (52 weeks x 5 days a week).

    The CEO-to-worker pay differential in 2005 was the second highest on record. The highest was 2000, when the average CEO earned 300 times what the average worker made.

    In 2002, the differential fell to 143 as the bear market took its toll on stock-related compensation. Nevertheless, between 2000 and 2005, median CEO pay rose 84 percent to $6.05 million on an inflation-adjusted basis, according to EPI.

    Missing link: CEO pay and results

    Home Depot CEO stifles debate about pay

    Excessive Executive Pay - link to a study with even more obscene data than that in the graph above.

    CEO Pay: Obscene from Apr 2005

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