Chief executive pay has roared back after two years of stagnation and decline. America's top bosses enjoyed pay hikes of between 27 and 40% last year, according to the largest survey of US CEO pay. The dramatic bounceback comes as the latest government figures show wages for the majority of Americans are failing to keep up with inflation.
...the top 10 earners took home more than $770m between them in 2010. As stock prices began to recover last year, the increase in CEO pay outstripped the rise in share value...
For S&P 500 CEOs...[pay] increased by a median of 36.47%. Total pay at midcap companies, which are slightly smaller than the top firms, rose 40.2%.
"Wages for everybody else have either been in decline or stagnated in this period, and that's for those who are in work,"
Image from OpEdNews, where we learn that high CEO pay correlates with lower company performance.
Note that as of now there don't appear to be any US media outlets reporting this story.
From www.guardian.co.uk via jwz.org.
