Compounded obscenity - exec. comp. up 38%, average Joe, 4%
if we want to talk about obscenity, HERE'S obscenity...
how about the poor slobs who have to actually WORK for a living...?
even someone as math-challenged as i am can figure out that 38% of $200M is a considerably higher figure than 4% of $40K...
like i said, there's obscenity, then there's OBSCENITY...
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Forbes, in releasing its survey late Thursday, said the CEOs of America's 500 biggest companies got a collective 38 percent pay raise last year, to 7.5 billion dollars, or an average 15.2 million dollars.
Exercised stock options accounted for the main component of pay, or about 48 percent, Forbes said.
Exercised stock options accounted for the main component of pay, or about 48 percent, Forbes said.
Number two on the list was Occidental Petroleum's Ray Irani with 321.6 million dollars, followed by Barry Diller at InterActive Corp (295 million), Fidelity National's William Foley (179 million) and Terry Semel of Yahoo (174 million).
Michael Dell, who retook the reins at Dell Computer, was sixth with a compensation package worth 153 million dollars.
how about the poor slobs who have to actually WORK for a living...?
Sibson Consulting reports that most employers "anticipate a less-than-4-percent base pay increase" for the vast majority of their workers in 2007 - about the same as in the past few years. For someone earning $40,000 a year, a pay hike of 3 to 4 percent works out to as little as $100 per month before taxes...
even someone as math-challenged as i am can figure out that 38% of $200M is a considerably higher figure than 4% of $40K...
like i said, there's obscenity, then there's OBSCENITY...
Labels: 2006 salary increases, 2007 salary increases, executive compensation
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posted by profmarcus at
5/04/2007
