CEO Pay Now Exceeds Pre-Recession Levels

[onehandle]

Source: Huffington Post/AP



NEW YORK -- In the boardroom, it's as if the Great Recession never happened.

CEOs at the nation's largest companies were paid better last year than they were in 2007, when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today.

The typical pay package for the head of a company in the Standard & Poor's 500 was $9 million in 2010, according to an analysis by The Associated Press using data provided by Equilar, an executive compensation research firm. That was 24 percent higher than a year earlier, reversing two years of declines.

Executives were showered with more pay of all types – salaries, bonuses, stock, options and perks. The biggest gains came in cash bonuses: Two-thirds of executives got a bigger one than they had in 2009, some more than three times as big.

Read more: http://www.huffingtonpost.com/2011/05/06/ceo-pay-high-pre-recession_n_858430.html

[GreenPartyVoter]

1. It was a mistake to read this right after eating.

:puke:

[dkf]

2. This is the irony of expecting the rich to make up the deficit and all the other spending we want.

They would need to make a whole lot more money to foot the entire bill.

Maybe we should be cheering that they will have the wherewithal to support us.

[OhioChick]

3. Nice

:mad:

[FlyByNight]

4. It's simply a different world CEOs occupy

With about half of Congress being millionaires too, it doesn't surprise me that they're so oblivious/apathetic to the rest of the world.

[Duer 157099]

5. There are so few of them and so many of us

When will that obvious fact start to actually make something happen?

[Beavker]

6. When Fox News is marginalized?

Then we'll know people are no longer able to be bamboozled into voting to keep themselves poor and the rich people richer.

[ChromeFoundry]

7. Hey. They work hard!

...to find those low cost workers around the globe!

:sarcasm: