CEO compensation hit new highs. If there was not such a growing divide between the haves and have nots it might not be such an issue but the fact remains, the US is moving in the direction of a Third World country where a small minority bathe in the riches and then there's everyone else. More power to those who can make this money, but there are just too many sacrifices by the middle class any more and never from the top.
A recent report by the Congressional Research Service helps to put the executive pay issue into a real-world context. CEOs make, on average, 179 times as much as rank and file workers, double the 90-to-1 ratio in 1994, according to the agency's calculations.And those famous $1 CEO salaries? Flashy, but mostly a mirage as well.
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