Are ceos overpaid? You decide
Last year, the imbalance bewteen CEOs and the people
who work for them grew to a new level, despite the poor
performance of the majority of the world’s corporations.
Are we rewarding bad business practices with huge,
unjusitfied pay increases? By 2005, the average CEO, not
the best performing one, was earning 262 times as much
as the average worker. In 2006, the average CEO got an
11.5 % increase in pay, up to 360 times the average worker.
This is yet another corporate rip off and has many “social costs”
for our society besides the culture of greed it is promoting.
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