Nothing to see here, move along:
Paychecks for top executives are reaching new highs, as the median pay for a CEO exceeded $10 million for the first time in 2013.
A new report from the Associated Press found that the head of an average large public company brought home $10.5 million, a raise of 8.8 percent from 2012 levels. CEO pay has climbed four straight years, and top executives now make 50 percent more than they did in 2009.
That year, a CEO made 181 times the average worker’s salary. Now, their salaries are 257 times bigger.
This is obviously the result of so much freedom. They crashed our economy, and look at how they’ve benefited. Is it any wonder that people are pissed off?
“top executives now make 50% more than they did in 2009[!]” Stupifying.
And yet they order their idiot elected messenger boyz to oppose an increase in the minimum wage. Almost comic.
Satire becomes simply impossible.
Are the recent news items somehow linked, do you think?
NSA spying, revelations Manning and Snowden, corporate greed, intelligence community acting as a state within a state, a disfunctional U.S. Congress and denying citizens voting rights.
○ Trade Pacts – Oligarchy in Action, U.S. Not Really a Democracy
Recent comment added in BooMan’s fp story – This Is Not a Binary Argument.
“Are the recent news items somehow linked,?”
Of course they are.
The Deep State octopus has its tentacles into everything now.
Everything.
It’s been working on the process for over a century.
2014?
GOTCHA!!!
Bet on it.
AG
Watching the recent changeover of CEOs at Target Corp I noted the exit package for the previous idiot – who frankly has endangered that entire company – is in the tens of millions.
Severences like that should be taxed at 90% and the money should go to shore up unemployment programs and community colleges.
You know, I wouldn’t really care much about the exploding salaries of business executives if they didn’t use that money or (more specifically) the desire for that money to make economic war on the lower classes.
If Americans didn’t work ridiculously long hours and we had single-payer healthcare and median income kept pace with productivity and we had poverty rates in the low single-digits, I couldn’t really give a rat’s ass if executive pay was 257 or even 1000 what it was right now.
There’s a reason why rich guys like Batman and Tony Stark are seen as heroes while rich guys like Lex Luthor are seen as a villains. Nothing to do with their wealth, everything with how they got it or how they used it.