a moment of clarity.
for your consideration...
words.
"We’ve created a new economic aristocracy in the United States: CEOs.
...Any CEO of a major company is virtually guaranteed to become a multimillionaire. In the Equilar survey, the median holding of company stock was $83 million. CEO compensation has vastly outstripped average wage gains. In 1980, CEO compensation for the top 350 firms was roughly 30 times typical worker pay, estimates the Economic Policy Institute, a left-leaning think tank. Now, that ratio is almost 300 to 1.
...What does society get from this lavish pay? It’s unclear how much, if at all, economic growth has improved. CEOs’ dependence on stocks might even have hurt the recovery if firms squeezed hiring and investment to maximize short-term profits and share prices. Rising executive compensation has fueled growing economic inequality. Executives and top managers represent nearly one-third of the richest 1 percent of Americans by income, reports a study by economists Jon Bakija, Adam Cole and Bradley Heim.
Let me be clear: I’m not against CEOs.
...Still, most CEOs are not so heroic or influential. Most seem overpaid by two common-sense tests: You could pay them less, and most would take the job anyway; and many — if fired tomorrow — couldn’t get work near their present pay..."
THE WASHINGTON POST: The CEO aristocracy: Big bucks for the big boss
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