Democracy Now report On Jun 18,2012 :
New figures show the median pay for the country’s top corporate executives increased at nearly double the rate of the average worker. According to the New York Times, the top 200 CEOs made an average $14.5 million, a 5 percent increase over 2010. Workers, on the other hand, saw a pay increase of just 2.8 percent. CEO pay has outgrown worker pay more than 127 times faster over the last three decades. The average Fortune 500 chief executive now makes 380 times more than the average worker.
New figures show the median pay for the country’s top corporate executives increased at nearly double the rate of the average worker. According to the New York Times, the top 200 CEOs made an average $14.5 million, a 5 percent increase over 2010. Workers, on the other hand, saw a pay increase of just 2.8 percent. CEO pay has outgrown worker pay more than 127 times faster over the last three decades. The average Fortune 500 chief executive now makes 380 times more than the average worker.
