CEOs Earn 354 Times More Than Average Worker

[question everything]

Chief executives of the nation's largest companies earned an average of $12.3 million in total pay last year -- 354 times more than a typical American worker, according to the AFL-CIO.

The average worker made $34,645 last year, according to the group that represents over 50 trade unions.

Oracle (ORCL) CEO Larry Ellison's $96.1 million pay package topped the list, followed by $54.3 million earned by Credit Acceptance Corp.'s (CACC) Brett Roberts and Discovery Communications (DISCA) CEO David Zaslav's $50 million, according to the union's pay project.

The one stand out was Apple (AAPL) CEO Timothy Cook, whose pay dropped to $4.2 million from $376 million in 2011, when his compensation package got a boost from long-term stock awards. The dip in Cook's pay was enough to lower the overall average for CEOs of top companies by 5% from 2011.

The discrepancy in pay between CEOs and the average worker has skyrocketed over the years, peaking in 2000, when the gap was 525 times. In 1980, CEO pay was 42 times that of the average worker.

More..

http://finance.yahoo.com/news/ceos-earn-354-times-more-than-average-worker-203748434.html

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But, hey, we are going after "entitlements" for the poor, the middle class, retirees...

[JDPriestly]

1. Thanks for raising our consciousness with this article.