CEO's are known to always have a big payout. I always viewed most CEO's with the mentality get rich quick then get out before it's to late. According to a new article released by the New York Times,Top executives CEO's from 200 companies gained about a 23% pay increase last year. "The final figures show that the median pay for top executives at 200 big companies last year was $10.8 million." Full article can be read here
This PDF goes into more detail here.
Guarantee we will see CEO's from Walmart, Target and probably various gas industry businesses and I am sure some Banks make it on that list. Maybe even some are from a bank we the people bailed out...
Many Americans haven't had raises in a long while and layoffs/unemployment has increased since last year. There is no real reason for these businesses to cry poor mouth when they are paying their CEO's so much revenue. These CEOs need more then a paycut, they need a lesson in moral values. How many employees were laid off under these companies? How many are being paid minimum wage and working extreme hours to keep their head above the debt, while their boss sits back and enjoys the ride? Too many and this is greed at its finest. I am sure if more digging is done these same companies probably get Tax Subsidies and Tax Cuts.
I can only suggest the only way to stop things like this is to no longer shop or buy from these businesses. Hopefully this article and report will stir people to protest at these corporations.
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