It’s Good to Be the King: CEO Pay Up Big 2010, Not So Much For the Average Worker (unemployment, Iran)
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Life is good at the top of corporate America. CEO pay rose 12% last year, bringing the average compensation to $9.6 million in 2010, based on a report and study done by NY Times. That's definitely a lot of money at a time when middle class wages haven't increased for a generation and unemployment remains near 9%.
The highest paid CEO in the U.S. last year was Viacom's Phillipe Dauman who raked in $84.5 million, thanks to one-time stock awards. Ray Irani of Occidental Petroleum follows on the list with $76.1 million, a 142% pay increase over 2009. Oracle's Larry Ellison, who was displaced at the top of the list this year, took a pay cut but still brought home $70.1 million. (He also remains the third-richest American, with a net worth of $39.5 billion, according to the Forbes annual list of billionaires.)
The amounts were agreed upon in CONTRACTS signed off by directors. If you are one of their shareholders and you have a problem write them a letter or sell your stock.
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Quote:
Originally Posted by salem baptist
The amounts were agreed upon in CONTRACTS signed off by directors. If you are one of their shareholders and you have a problem write them a letter or sell your stock.
Just curious, would you defend union CONTRACTS in the same manner?
Obviously this is the outcome.. Why are you guys so shocked? When you ask for policies in Washington that encourages companies to lay off employees, decreasing labor costs, increasing profits, CEO pay goes up..
The average wage of us common folks have nothing to do with pays of a CEO.. Thats like comparing a doctors wage to a McDonalds employee.. Its a supply/demand industry..
Just curious, would you defend union CONTRACTS in the same manner?
Private unions yes, public no. Are you appalled at the billion dollars Obama is looking to raise and SPEND on a damn campaign? I mean how can you sit here and whine about 9.6 million when Obama plans to waste a billion during these hard times.
Private unions yes, public no. Are you appalled at the billion dollars Obama is looking to raise and SPEND on a damn campaign? I mean how can you sit here and whine about 9.6 million when Obama plans to waste a billion during these hard times.
I wonder how much of these salaries come from tax dollars, you know, like Obama giving GE $3.2B in tax credits, so GE can profit and pay zero in taxes..
Private unions yes, public no. Are you appalled at the billion dollars Obama is looking to raise and SPEND on a damn campaign? I mean how can you sit here and whine about 9.6 million when Obama plans to waste a billion during these hard times.
Exactly.
Imagine how many health insurance policies he could buy people with that amount of money?
I wonder how much of these salaries come from tax dollars, you know, like Obama giving GE $3.2B in tax credits, so GE can profit and pay zero in taxes..
You know, you're right. I garuntee you that a ton of that money that GE and others have saved through loopholes will come right back to Obama to help him raise that billion.
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