Tagged greed

Corporate Greed Stifles the Economy and Fuels A Coming Storm

I stumbled onto a startling statistic recently by the Economic Policy Institute in regards to the CEO to worker compensation ratio.  According to their report the CEO to worker pay ratio in 1965 was 20-1.  So if in 1965 I earned an average salary of say $4,600 a year, close to the average salary at the time, than my CEO likely earned $92,000 that year on average.  One might complain about such a disparity but perhaps the salary is justified considering that the CEO presumably worked very hard at a very good school and hopefully is responsible for much of my company’s success.  Perhaps they would have deserved to make 20 times my salary. Continue reading “Corporate Greed Stifles the Economy and Fuels A Coming Storm” »