Among the top 350 American corporations, the salary ratio of CEO-to-worker went from 18-to-1 in 1965 to 201-to-1 in 2013. And this should hardly come as a surprise; while wages for working people at these corporations were stagnant, the compensation packages for the top executives rose 13% in the last year alone to reach an average of $14.1 million. (Source: Economic Policy Institute.) Moreover, according to a study published in the December 2013 issue of interfaces, (a peer-reviewed journal), these ultra-high levels of pay for CEOs may actually harm the performance of the corporations over which they preside. These injustices (and many more) are brought to you by capitalism.
Posted on: Sun, 11 May 2014 17:12:28 +0000
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