April 6, 2006: Corporate executive pay and perks have gotten more out of line than ever, as detailed in a lengthy report in the April 9 New York Times. "Off to the races again, leaving many behind" the feature shows that average CEO pay went from 33 times average workers' pay in 1980 to 104 times in 2004, with many CEOs of large corporations far higher than that.
The AFL-CIO is asking unionists to do something about it.
Click here for the New York Times article "Off to the races again, leaving many behind"
Click here for a chart of CEO compensation of 200 corporations
Click here for Information on CEO Watch from the AFL-CIO
Executive Pay Hits All-Time High
Do you like this post?
Recent News
Yellow Trims Losses: Best Quarter in Six Years
May 12, 2022
Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
Sysco Profits Up
May 11, 2022
Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year. Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.