That American CEOs last year earned 262 times the average pay of their own workers is no big deal. It's always possible that some of them actually earned all that money, or at least some of it.
What is, surely, something of a big deal is that according to Corporate Library in Washington, the chief executives of the 11 largest companies in the United States earned a combined $865 million over the past two years at the same time as their shareholders lost $640 million.What, potentially, is an even bigger deal, is that one of the main
activities of American executives these days is figuring out ways to cut the pay of their workers while at the same time hanging on to all they have.
Tuesday, June 27, 2006
Time for a revolution?
A friend once asked me, "Why do you hate money?" to which I replied, "It's not money I hate, it's greed I can't abide." Read this article by Richard Gwyn:
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