How CEOs are getting richer at your expense

<span style="font-family: inherit; font-size: small;"><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";"><a href="http://thinkprogress.org/economy/2013/06/07/2121581/first-quarter-of-2013-saw-largest-wage-drop-ever/">Americans are recording the largest drop in wages ever</a> while</span> the average CEO received $14.1 million in combined pay and stock options last year.  At the same time, <a href="http://thinkprogress.org/economy/2013/06/26/2220511/americans-paycheck-to-paycheck/"><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">three-quarters of Americans didn’t have enough money for a basic emergency fund</span></a>.  The <a href="http://www.epi.org/">Economic Policy Institute</a> <a href="http://www.epi.org/files/2013/ceo-pay-2012-extraordinarily-high.pdf">reports</a>:</span><br /><div class="separator" style="clear: both; text-align: center;"></div><div><blockquote class="tr_bq"><span style="font-family: inherit; font-size: small;">From 1978 to 2012, CEO compensation measured with options realized increased about 875 percent, arise more than double stock market growth and substantially greater than the painfully slow 5.4 percent growth in a typical worker’s compensation over the same period.</span></blockquote><div class="MsoNormal" style="margin-top: 12pt;"><span style="font-family: inherit; font-size: small;">These findings support what we’ve known all along: trickle-down economics <a href="http://teamsternation.blogspot.com/2013/02/arthur-laffer-worst-economist-in-us-is.html">are a cruel joke</a>. A third of Americans, over 10 percent more than in 2008, say <a href="http://www.pewsocialtrends.org/2012/09/10/a-third-of-americans-now-say-they-are-in-the-lower-classes/">they are lower-middle and lower class</a>. <a href="http://www.brookings.edu/research/reports/2013/06/13-facts-higher-education">Income inequality is rapidly increasing</a> and <a href="http://www.huffingtonpost.com/chuck-collins/helping-the-kids-wealthy-_b_3354529.html">the chances of your kids ending up better off than you are rapidly decreasing</a>, no matter how hard they work.  <o:p></o:p></span></div><div class="MsoNormal" style="margin-top: 12pt;"><span style="font-family: inherit; font-size: small;">The fact that <a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/26/congrats-ceos-youre-making-273-times-the-pay-of-the-average-worker/">CEO pay is more than 270 times more than the average worker</a>isn’t a shock.  <o:p></o:p></span></div><div class="MsoNormal" style="margin-top: 12pt;"><span style="font-family: inherit; font-size: small;">Turns out, even for one-percenters, CEOs are being paid ridiculous amounts:</span></div><blockquote class="tr_bq"><span style="font-family: inherit; font-size: small;">Over the last three decades, CEO compensation grew far faster than that of other highly paid workers, those earning more than 99.9 percent of other wage earners.  CEO compensation in 2010 was 4.70 times greater than that of the top 0.1 percent of wage earners, a ratio 1.62 higher (a wage gain roughly equivalent to that of 1.6 high wage earners) than the 3.08 ratio that prevailed over the 1947-1979 period.</span></blockquote><div class="MsoNormal"><span style="font-family: inherit; font-size: small;"><span style="font-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";">That’s right.  CEOs still make more money comparatively than even other really, really rich people.</span><span style="font-family: "Times New Roman","serif"; mso-no-proof: yes;">   Too bad <a href="http://thinkprogress.org/economy/2013/06/07/2121581/first-quarter-of-2013-saw-largest-wage-drop-ever/">their nice bonuses doesn’t extend to your paycheck.</a></span></span><span style="font-family: "Times New Roman","serif"; mso-no-proof: yes;"><o:p></o:p></span><br /><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJVxpWTZ7NwFHg9wX0mn9nx43ldDWYTmdxmnxako1SUGeyLI2Q3QWPUhG0EUoxjaAX_xNldVrnouDf4P-U5at483LnNbYzjrJ9er9CGWhYdabKrFb5oAMmiSJngBKqNtDBNMV82oasfqdj/s626/Screen+Shot+2013-06-28+at+9.51.47+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJVxpWTZ7NwFHg9wX0mn9nx43ldDWYTmdxmnxako1SUGeyLI2Q3QWPUhG0EUoxjaAX_xNldVrnouDf4P-U5at483LnNbYzjrJ9er9CGWhYdabKrFb5oAMmiSJngBKqNtDBNMV82oasfqdj/s400/Screen+Shot+2013-06-28+at+9.51.47+AM.png" width="400" /></a></div><br /></div><div class="MsoNormal"><br /></div><br /></div>

ceo inequality How CEOs are getting richer at your expense

Americans are recording the largest drop in wages ever  while  the average CEO received $14.1 million in combined pay and stock options last...

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