Just remember to hold your indignation and disgust as you read this from CommonDreams:
"The heads of the 20 banks that got the biggest federal bailouts - and laid off over 160,000 workers - made almost 40 percent more than other CEOS last year, with the top five executives at those banks earning about $32 million each and seeing stock options soar $90 million, a new study shows. The annual Institute for Policy Studies "Executive Excess" report also shows that average CEO pay was 430 times larger than for typical workers.
"America's executive pay bubble remains un-popped," says Sarah Anderson, lead author on the study. "And these outrageous rewards give executives an incentive to behave outrageously, putting the rest of us at risk."
"The heads of the 20 banks that got the biggest federal bailouts - and laid off over 160,000 workers - made almost 40 percent more than other CEOS last year, with the top five executives at those banks earning about $32 million each and seeing stock options soar $90 million, a new study shows. The annual Institute for Policy Studies "Executive Excess" report also shows that average CEO pay was 430 times larger than for typical workers.
"America's executive pay bubble remains un-popped," says Sarah Anderson, lead author on the study. "And these outrageous rewards give executives an incentive to behave outrageously, putting the rest of us at risk."
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