The Conference Board reports that CEO compensation rose again in 2003. Why? Apparently there was good "profit performance" last year. Workers' wages declined last year, according to CNNfN.
Two points here that make my blood boil.
First, and the obvious one, CEO pay is outrageous -- it's ridiculously high, now over 300 times that of the front-line worker. So much has been said about this there's little more I can add.
Second, the salary links to performance just aren't credible. If these companies are so profitable, their stock prices would be doing better. As posted last night, the markets have lost value under the bush administration. They were down again today.
When are these people going to realize that the economy only goes as far as its workers can take it?
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Anger, anyone?
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