The Wall Street Journal reported last week that "Executives and other highly compensated employees now receive more than one-third of all pay in the US... Highly paid employees received nearly $2.1 trillion of the $6.4 trillion in total US pay in 2007, the latest figures available."
One of the questions often asked when the subject of CEO pay comes up is, "What could a person such as William McGuire or Lee Raymond (the former CEOs of UnitedHealth and ExxonMobil, respectively) possibly do to justify a $1.7 billion paycheck or a $400 million retirement bonus?" '
Read more...
Inflated incomes and excessive salaries....That's why the whole country is falling apart.
ReplyDeleteInstead of them to give these CEOs less money so that they can pay the people who actually DO the work. They pay one person to sit around twiddling their thumbs and doing expensive lunches. No wonder the whole place is falling to pieces. Royal mail CEO was useless, place was falling to pieces, Immigration falling to pieces, Banks such as RBS falling apart needing taxpayers' money for bailout, NHS falling to pieces etc. All because of GREED and let mke add MISMANAGEMENT.
No common sense these days. We are being led by a pack of morons, so what is surprising?