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Big Crony CEO Pay Grab: Effects Beyond Greed!
Nader, Ralph http://dissidentvoice.org/2016/01/big-crony-ceo-pay-grab-effects-beyond-greed/
Publisher: Dissident Voice
Date Written: 15/01/2016
Year Published: 2016
Resource Type: Article
Over the past fifty years, the pay gap between many highly-paid CEOs and their employees has increased dramatically. In 1965, when they also liked to be rich, CEOs made approximately twenty times as much as their average employee, meaning they would earn their workers' average pay by the third week of January, and since the 1980s, the average difference and greed have increased. Highly-paid CEOs now make 303 times as much as their employees in a year, according to a study by the Economic Policy Institute.
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