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The Straight Story

(48,121 posts) Sat Jul 6, 2013, 08:04 PM Jul 2013

Daily CEO Pay Now Exceeds the Average Worker's Annual Salary [View all]

In 1965, the average CEO made 20 times the average worker. Now the ratio is 273 to 1, meaning the average CEO makes in a day what their workers make in a year.

U.S. corporate CEO salaries rose 16 percent in 2012 according to a new report from research firm Equilar. Top salary: Larry Ellison of Oracle - over $96 million. Top exit bonus: James Mulva of ConocoPhillips - $156 million.

Average salary for the CEOs of the top 200 U.S. companies with revenue of over $1 billion was $5.3 million. The big money, however, is paid out in stock and options which added another $9 million to the median compensation package for the CEOs.

Worst off were the workers at these companies whose median pay is now at a historic low compared to the CEOs. In 1965, according to a new report from the Economic Policy Institute, the average CEO made 20 times the average worker. Now the ratio is 273 to 1 ie the average CEO's daily salary is now greater than the annual salary of their workers.

Ellison did even better - he was paid the equivalent of the average U.S. salary of $45,790 every single hour last year.

http://thecontributor.com/daily-ceo-pay-now-exceeds-us-workers-annual-salary

32 replies

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Highlight:

Daily CEO Pay Now Exceeds the Average Worker's Annual Salary [View all] The Straight Story Jul 2013 OP

The Oligarchs Own The Politicians And Control The System For Their Benefit cantbeserious Jul 2013 #1

Disgusting Dwayne Hicks Jul 2013 #2

Good post, TSS TransitJohn Jul 2013 #3

Mulva? Seinfeld? CurtEastPoint Jul 2013 #4

so of course they can't fund Soc. Sec.!!!!! RainDog Jul 2013 #5

So it took him just under three hours to pay his social security taxes for the entire yr. SammyWinstonJack Jul 2013 #12

The fica cap needs to be taken off RainDog Jul 2013 #17

Don't hate the playa, hate the game.... socialist_n_TN Jul 2013 #26

Haven't you heard? We're Broke!!! reformist2 Jul 2013 #20

Another win for the plutocracy! Rex Jul 2013 #6

greed and the never-ending need for more fascisthunter Jul 2013 #7

It is a disease imo. Rex Jul 2013 #9

It is a disease. It's a strange disease, though, in that it hurts people who don't have it. tclambert Jul 2013 #30

I don't like the idea of violent revolution IrishAyes Jul 2013 #8

We need a general strike like the French do. The Wizard Jul 2013 #10

Despicable, greedy, and obscene. SammyWinstonJack Jul 2013 #11

The Corporate Megalomaniacs-- chervilant Jul 2013 #13

Dailly? No wonder we are up a creek. tblue Jul 2013 #14

George Carlin was right - it's a big club and we're not in it. Initech Jul 2013 #15

How stupid are we, that we can't get a consensus that redistribution is in order? reformist2 Jul 2013 #16

Too stupid to live in a democracy, for too many RainDog Jul 2013 #18

As Huey Long once said (paraphrasing)... socialist_n_TN Jul 2013 #27

He was right! reformist2 Jul 2013 #31

And THIS is being touted and ballyhooed by the Democratic Party leadership as a "RECOVERY"!!! bvar22 Jul 2013 #19

what a sad state of affairs miked62916 Jul 2013 #21

This message was self-deleted by its author uppityperson Jul 2013 #22

And that's strictly salary. HughBeaumont Jul 2013 #23

He bought up 24 homes in Malibu: The Straight Story Jul 2013 #24

I'm going to sit on my apathetic fat American ass and do nothing about this. Apophis Jul 2013 #25

Yeah, but sometimes Larry Ellison would work through his lunch hour . . . tclambert Jul 2013 #28

Robber Barons. nt Jasana Jul 2013 #29

K&R liberal_at_heart Jul 2013 #32