Moon Farmer October 11, 2003 Archive
« October 10, 2003 | Main | November 04, 2003 »The highest-profile cases of excessive pay, unfortunately, are not isolated exceptions. Bosses' pay has moved inexorably upwards, especially in America. In 1980, the average pay for the CEOs of America's biggest companies was about 40 times that of the average production worker. In 1990, it was about 85 times. Now this ratio is thought to be about 400. Profits of big firms fell last year and shares are still well down on their record high, but the average remuneration of the heads of America's companies rose by over 6%.
Posted by GeeTee at October 11, 2003 02:05 PM | TrackBack 0
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