While you're sacrificing and cutting back, CEO pay rises by almost a quarter

[ck4829]

Remember the outrage over lavish Wall Street bonuses doled out in the wake of the financial crisis? The brouhaha supposedly put an end to the outrageous pay packages enjoyed by many American CEOs -- and not just in the financial sector.

But over two years later, very little has changed. A new website launched by the AFL-CIO, aimed at focusing public attention on excessive executive compensation, touts some shocking numbers. Among them:

* Last year, total compensation for CEOs averaged $11.4 million, up 23 percent from the previous year, according to data for 299 major companies.
* CEOs at those 299 companies raked in a total of $3.4 billion. That's enough to support over 100,000 jobs that paying the median wage of just over $33,000.
* Average CEO compensation is 343 times that median wage.

http://news.yahoo.com/s/yblog_thelookout/20110420/ts_yblog_thelookout/labor-lavish-ceo-pay-still-rising

Now back to your regularly scheduled programming of "TEACHERS AND PUBLIC EMPLOYEES ARE THE BAD GUYS" because focusing on this makes it CLASS WARFARE! :sarcasm: