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Executive Pay as a Multiple of Average Worker Pay
Jul 30
Here’s a fascinating graphical view of CEO pay as a multiple of average worker pay from 1970 to 2005. Check out the site to see a rollover of the pay multiple as the years progress.
About the Author
Frank Roche
Frank started IFRACTAL over 7 years ago with Sarah Chambers. Together, they've created HR communications and HR software for some of the world's leading companies. Frank is also studying Flamenco guitar and origami.
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We really do need to fix this problem. At least more and more people are talking about it. Now we need to stop a few people (boards and CEOs) from taking the profits of organizations and giving those far too much of those benefits to CEO’s (and other high level executives) : Tilting at Ludicrous CEO Pay
John, I see that Bob Nardelli, after getting a $210 million “retirement package” is going to head Chrysler. $210 million just doesn’t go as far as it used to. Gimme 10% of that and I’m on some island soaking up the sun and pina coladas. I do think we need to get this under control, but there is the powerful “market forces” argument. That would hold for me if pay was really tied to performance that they influenced…like indexed options do.
Really good reference article, btw. Cool title and strong ideas.