CEO Pay at Top U.S. Companies Up 54 Percent Since Start of Recovery
The average American worker would have to toil for about five weeks, with no days off, to earn what a CEO makes in an hour.
The Guardian reports:
According to the latest annual survey by the Economic Policy Institute, a progressive think tank, CEOs at the 350 largest companies in the country pocketed an average of $16.3m in compensation each last year. That’s up 3.9% from 2013, and a whopping gain of 54.3% since the recovery began in 2009.
The average annual earnings of employees at those companies? Well, that was only $53,200. And in 2009, when the recovery began? Well, that was $53,200, too. In other words, while the CEOs have seen their compensation soar by 54%, the typical worker’s paycheck hasn’t budged.
Read more here.
— Posted by Alexander Reed Kelly.