CEOs Get Richer, Everyone Else Does Not
Looking for a bigger pay day, or even a paltry cost of living increase at your next annual review? Well, good luck with that — if you aren’t a CEO, odds are you won’t see much, if anything, at all.
Via Mother Jones:
It’s looking like top corporate executives raked in the cash in 2010:
CEO bonuses at 50 major corporations jumped a median of 30.5%, the bigest gain in at least three years, according to a study of the first batch of corporate pay disclosures by consulting firm Hay Group for The Wall Street Journal.
So why are the heads of major companies seeing such drastic increases, while the rest of workers not only aren’t seeing raises, but in many cases are finding their pay isn’t even keeping up with the rising costs of day to day expenses?
There are a lot of lessons to be learned from the multiple attempts across the country at busting unions while telling workers that they should just be happy that they have jobs. And the more people that they can convince of that, the higher you will see executive compensation continue to climb.
photo from http://www.gnu.org/copyleft/fdl.html, via Wikimedia Commons"wikimedia commons