CEO Salaries: Executive Excess (Editorial)
Feeling poorer lately? Maybe it's just in relation to your boss. The
annual survey of executive compensation is out this morning, and it
finds that in 2007, the average pay of an S&P 500 company CEO was
344 times the salary of an average worker. The Boston Globe.
Posted inOriginal publication: The Boston Globe
Date of publication: 08/25/2008
Feeling poorer lately? Maybe it's just in relation to your boss. The annual survey of executive compensation is out this morning, and it finds that in 2007, the average pay of an S&P 500 company CEO was 344 times the salary of an average worker. Thirty years ago, chief executives averaged only 30 to 40 times the average American paycheck. No one begrudges people getting rich. But some compensation deals are unfairly rigged.