CEO Salaries: Executive Excess (Editorial)

August 25, 2008

Original publication: The Boston Globe

Date of publication: August 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.

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