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Employment, Wealth & Inequality

Election Fraud and CEO Pay

News in recent days reveals that 2010Chief Executive Officer pay jumped more than 36% from the previous two years (determined by averaging CEO pay at the Standard & Poor 500 companies). While unemployment continues to scourge Main Street, Wall Street executives, with what can only be described as modest performance, found their pay increased by 36%. CNN reports: “Paul Hodgson, senior research associate at GMI, said the sharp rise in pay was out of line with the relatively modest improvement that companies typically achieved in profits or share price during 2010. The most lucrative sector for CEO pay was health care, which included three of the nine top-paid executives, including the two most lucrative packages . . . .”

Read the rest at Corporate Justice Blog

Read my other post about CEO vs. Employee Salary where a worker got fired for a Facebook comment about her CEO’s pay

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