Labor market improves - for CEOs - pay up ave 27% to ave $4.7 million

[papau]

Did anyone else get a 27% increase in wages last year?

http://msnbc.msn.com/id/5087212/

May 30, 2004<snip>The CEOs of the region's 100 largest public companies saw their median total direct compensation (base salary plus bonus and long-term incentives) increase 27 percent in 2003 over the previous year, according to data compiled for the Philadelphia Business Journal by Mercer Human Resource Consulting's Philadelphia office. <snip>

CEO pay just has gone way out of control," said Debra Speyer, an investment fraud and elder law attorney based in Center City who is also a former prosecutor for the National Association of Securities Dealers.

"It's the employees that are making these companies successful," Speyer said. "But it's the CEOs that are getting all the money."



Comment: on Lou Dobbs tonight they quoted the above Mercer study and noted the average CEO pay is now at $4.7 million.

[Career Prole]

1. Three percent this year, nothing last year,

and three percent in '02. That's off excellent annual reviews, too. They say they wish they could afford more. "They" being NYSE ticker symbol EWS...
:(

[papau]

2. I guess one takes pride in the wage increase your work got the CEO

There is not much else in this trickle down, outsourcing economy

[Career Prole]

3. They didn't all score big!

"Alan B. Miller, CEO of Universal Health Services and last year's No. 1 CEO, fell to eighth on the list with $8.72 million in compensation. Miller's package dropped 59 percent from 2002."

Poor old Al there took a 59% chop to $8.72 million.
However, if he shows up at my place doing the "poor-boy shuffle" I'll put a boot in that big butt.

[Warpy]

4. Great scam

They throw Americans out of work, hire a bunch of "vendors" overseas to do the same jobs, improve the profit statement,and then take it all in the form of salary and bonus, leaving the consumer, also in the US and now without a job, paying the same prices he did when the work was done in the US.

[rfkrocks]

5. on the streets of Philly crime is rising

infrastructure falling apart-there is no money for problem solving urban issues-but damn its great to be a CEO-except beware the problems that you CEO whore breed-they will come back-repent now!

[Name removed]

6. Deleted message

Message removed by moderator. Click here to review the message board rules.