Median pay for a CEO jumped to $9.7 million in 2012; pay for U.S. workers rose 1.6 percent last year, not enough to keep up with inflation.
The median wage in the U.S. was about $39,900 last year.
The old argument for higher CEO salaries continues; a need to pay CEO’s well so they can attract the best talent which is in the interest of shareholders. Considering the number of talented people unemployed I would think you could pick up good help at a very reasonable price at this time.
Judging the performance of many CEO’s whose companies are not doing so well, I don’t understand why they don’t get cut while their companies are performing poorly. Instead they get fired and leave with a large parting bonus for screwing up.
Meanwhile our governor who earlier pushed for judges to make more money in order to attract good judges, the same bull shit as the CEO crap, has stated state employees won’t receive a raise this year. What’s the matter with paying the workers a decent salary so government can attract good employees?