Posts Tagged ‘income gap’

Numbers show the sacrifice isn’t shared

Income Growth Pie ChartAs the economy struggles to rebound and local, state, and federal legislators seek to address cash-strapped budgets, the buzzword has been “shared sacrifice.” But the AFL-CIO’s annual Executive Pay Watch report shows that CEOs of major companies, unlike their employees, haven’t made too many sacrifices. In fact, CEOs from S&P 500 companies received, on average, $11.4 million in total compensation in 2010— a 23 percent increase from the previous year!

Shared sacrifice? Not so much. We sure don’t know any workers who got 23 percent raises last year. Read more »