They Make 257 Times More Than You

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?

Author: BooMan

Martin Longman a contributing editor at the Washington Monthly. He is also the founder of Booman Tribune and Progress Pond. He has a degree in philosophy from Western Michigan University.