Saturday, September 01, 2007

Labor Day 

From United for a Fair Economy's Labor Day report:

...top executives averaged $10.8 million in total compensation, which is 364 times the pay of the average American worker...


The top 20 equity and hedge fund managers raked in an average of $657.5 million, or 22,255 times the pay of the average worker.... workers at the lowest rung of the economic ladder just got their first federal minimum wage hike in a decade. Over that same decade... CEO pay has increased by 45 percent.


The top 20 CEOs of publicly traded corporations last year took home, on average, $36.4 million. That’s 38 times more than the top 20 in the nonprofit sector and 204 times more than the 20 highest-paid generals in the military.


Top executives of major European corporations…last year earned three times less than their American counterparts.”

"There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning."

-- Warren Buffet


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