CEO compensation between 1989 and 2012If you are a low wage worker busting your butt harder than ever before for a large corporation, you've probably just wanted to say to the Man, "Show me the money!" Here's why most of them won't: They continue to keep a lot of it for themselves. Forbes confirms that Fortune 500 CEO compensation is still "gravity defying," thanks to an average increase in compensation of 16.2 percent last year while workers were thanking the heavens that they just kept up with inflation at three percent. But don't feel bad; the investors are getting screwed, too?and this handy interactive chart shows why. From an average $2,548,000 in total comp in 1989 to an average of $10,502,000 in 2012 (a 312 percent increase, or a 13.5 percent raise a year) ain't too shabby. Especially compared to the cumulative seven percent increase that low-wage workers have gotten since 1973. Mo money, mo money, MO money!
Add to del.icio.us
Digg this
Post to Furl
Add to reddit
Add to myYahoo!
Powered by blogdig.net