CEO pay soars while workers’ pay stalls (Viacom’s made $84.5 MILLION!)

CEO pay soars while workers’ pay stalls
By Matt Krantz and Barbara Hansen, USA TODAY

The heads of the nation’s top companies got the biggest raises in recent memory last year after taking a hiatus during the recession.

At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics.

Two years of scaling back amid tough economic times proved temporary as three-quarters of CEOs got raises in 2010 – and, in many cases, the increases were substantial.

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2 thoughts on “CEO pay soars while workers’ pay stalls (Viacom’s made $84.5 MILLION!)”

  1. it takes 47,000 walmart-slaves to earn what their CEO does per year. it would take over a million to earn what the 4 walton heirs do.

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