http://abcnews.go.com/Business/president-obamas-jobs-council-members-vary-industry-salary/story?id=14706405President Obama's Council on Jobs and Competitiveness meets today in Pittsburgh, the third time the group of executives will gather. Sure to be on the agenda will be the country's stagnant labor market, but it's doubtful the council will discuss their own executive compensation, which runs well into the millions annually for many in the group.
The last time the jobs council met was June 13 in Durham, N.C. after which the panel presented 11 ideas to the president, including promoting small business exports, graduating 10,000 more engineers in the U.S., and building workforce skills in advanced manufacturing.
The 27 members of the jobs council include current and former CEOs, academics and industry leaders, including AFL-CIO president Richard Trumka and United Food and Commercial Workers Union president Joseph Hansen.
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Equilar, an executive compensation data firm," provided the salaries of 12 members of the council, publicly available in their most recent proxy statements, which are usually filed before an annual shareholders' meeting. Financial services not-for-profit TIAA-CREF voluntarily publishes the data for its CEO. The average compensation for 2010 of those 12 members of the council was about $11.2 million.
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