Only in America

Posted: 3 July 2013 in Uncategorized
Tags: , , , ,

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Every hour, Larry Ellison, the CEO of Oracle, earns in total compensation the equivalent of the average annual salary of an American worker, according to CorpWatch.org.

More generally, according to the Economic Policy Institute, the CEO-to-worker compensation ratio in 2012 was 272.9-to-1, up from 20.1-to-1 in 1965, 29.0-to-1 in 1978, and 122.6-to-1 in 1995 (although down from the peak of 383.4-to-1 in 2000).

In other words, the average CEO’s daily salary is now greater than the annual salary of their workers.

As they say, only in America. . .

Comments
  1. moquiti says:

    thought you’d enjoy this:

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