Friday, June 6, 2008

antidisestablishmentarianism


The average CEO of a large U.S. company made roughly $36.8 million last year.
When compared to the average compensation (wages plus benefits) of full-time year-round workers in non-managerial jobs - roughly $40,000 - CEO pay is more than 270 times bigger than the average worker's.
That's 204 times that of the 20 highest paid U.S. military generals, and 38 times that of the 20 highest-paid non-profit leaders. They also made three times more than the top 20 CEOs of European companies who had booked higher sales numbers than their U.S. counterparts.
The pay gap numbers don't include the value of the many perks CEOs receive, which averaged $438,342, according to the report. Nor do they include the pension benefits CEOs receive.

But even including all that, CEO pay can look like chump change next to private equity and hedge fund managers' pay. Those managers made an average of $657.5 million in 2006 - more than 16,000 times what the average full-time worker makes, and roughly 61 times that of the average CEO.

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