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CEOs Call in Sick for Remainder of 2007, Earn as Much as Workers [View All]

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Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007)

Ian_rd

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Wed Jan-03-07 04:05 PM
Original message

CEOs Call in Sick for Remainder of 2007, Earn as Much as Workers

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First of all, I totally lifted this analogy from Cryptogon and CNN, and it's a damn powerful one to make.

According to CNNMoney.com, the average big-company CEO in 2005 made 262 times the pay of the average worker. If we assume that there are 260 working days in a year (52 weeks x 5 days), then such a CEO could have gone into work yesterday, the first working day of the year, and then take the rest of the entire year off without pay and earn as much as the average American worker.

And according to this report by United for a Fair Economy who ran their own numbers for 2004, the ratio was more like 431 to 1.

What.

The.

Fuck.

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