Prices are going up, and CEOs are making out like bandits

[IronLionZion]

https://www.cnn.com/2022/03/28/business/ceo-pay-inflation-prices/index.html

New York (CNN Business)Inflation is eating into everyone's paycheck — unless you're a CEO.

Prices are going up just about everywhere, and corporations have been quick to blame those hikes on the cost of doing business, with labor and materials prices going up because of Covid-fueled supply issues and Russia's invasion of Ukraine. And while compensation for American workers climbed 4% last year, the biggest increase since 2001, you're paying a lot more for stuff: When adjusted for inflation, wages and salaries actually fell 2.4%.

Meanwhile, CEOs are making out like bandits. In some ways, they've got us to thank for it.
During the first year of the pandemic, CEO pay jumped 19% — even as many of their businesses ground to a halt, according to the Economic Policy Institute, a left-leaning think tank.

It's safe to say CEOs are more than keeping up with inflation. Corporate profits have skyrocketed, and demand for goods and services has remained strong even as prices have climbed. Frustration is building, however: Consumer sentiment this month slumped to its lowest level since 2011.

Executive compensation is always top tier, of course, but the difference now is that consumers are having to take it on the chin while the top brass get wealthier and profit margins get fatter.

I'm sure it will trickle down all over us some day.

[multigraincracker]

1. Disaster Capitalism.

Wasn’t that a book?

[IronLionZion]

2. They keep telling us that savings will be passed on to consumers

if it weren't for those pesky taxes and regulations. I guess that wasn't the problem.

[empedocles]

3. They are bandits.