Monday, April 24, 2006

CEO pay eclipses ridiculous

CEO pay eclipses ridiculous: "CEOs at larger U.S. corporations on average earn $430 for every $1 earned by the average U.S. worker.

Twenty-six years ago, CEOs received an average of $10 for every $1 earned by a U.S. worker.

Somewhere in that quarter-century, something went terribly wrong. CEO paychecks have morphed from compensation tools designed to motivate management to gluttonous buffets where executives graze on cash, bonuses, incentives, stock options, retirement packages, free cars, subsidized housing, corporate apartments, personal jets, free tax consulting, elite entertainment and dining on corporate tabs and personal security services."