Exec makes 1,795 times more than worker

May 1, 2013: A report published yesterday indicates that some corporate CEOs are paying themselves so much that they violate U.S. law. Former J.C. Penney CEO Ron Johnson bagged 1,795 times more than fashion jewelry saleswoman Rebecca Gonzalez in 2011.

The AFL-CIO report on corporate greed cites a Bloomberg News article which notes that corporate execs on average now make 204 times as much as their workers.

The United States leads the world in this corporate greed index, as indicated by this chart.

Read More:

CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law

J.C. Penny CEO Compensation 1,795 Times What Former Fashion Jewelry Saleswoman Made

 

Get Advice Join TDU Donate

Recent News

Central States Assets Fall – But Relief is Coming!

The assets of the Central States Pension Fund fell to $9.8 at the end of March, a drop of $573 million in the first quarter.  The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.

TForce Outperforming in Profits

TForce is on a roll, doing better in the profit column than in its previous life as UPS Freight. It finished the second quarter with an operating ratio of 90.1%

View More News Posts