Amazon.com Widgets

As featured on p. 218 of "Bloggers on the Bus," under the name "a MyDD blogger."

Wednesday, January 11, 2006

Ten Percent

That's how much the average CEO is taking out of the company till (Via silence at Kos):

In the period from 2001 to 2003, top-executive compensation amounted to 9.8% of the companies' net income, almost double the 5% in 1993 to 1995.


Remember, during the ill-fated Social Security debate, when they talked about giving adminstrative functions to fund managers would "streamline" the process?

CEOs of those brokerage houses would get more Social Security money than current administrative costs, which are pennies on the dollar.

Barney Frank had an executive pay reform bill in committee, I'm not sure what's going on with it. But clearly 10% of income is a ridiculous amount of compensation, and few if any members of the public even know about this.

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