An Economy That Works For All.
As the Democratic party gathers in Denver one issue that should be
front
and center is the staggering inequality of our times. And one of the
most damning symbols of our New Gilded Age is exorbitant executive pay. The Nation.
Posted inOriginal publication: The Nation
Date of publication: 08/25/2008
As the Democratic party gathers in Denver one issue that should be front and center is the staggering inequality of our times. And one of the most damning symbols of our New Gilded Age is exorbitant executive pay.
In 2007, the average S&P 500 CEO's pay package was $10.5 million, 344 times greater than the typical US worker. The top fifty private equity and hedge fund managers pocketed an average of $588 million--19,000 times greater than the typical US worker.