Oh, the joys of American capitalism
According to this Reuters article,
Chief executive officers in the United States earned 262 times the pay of an average worker in 2005, the second-highest level in the 40 years for which there is data, a nonprofit think-tank said on Wednesday.
In fact, a CEO earned more in one workday than an average worker earned in 52 weeks, said the Economic Policy Institute in Washington, D.C.
The typical worker's compensation averaged just under $42,000 for the year, while the average CEO brought home almost $11 million, EPI said.
You'll feel much better when you're rich.
I'll help you.
Posted by
Richard Quick, Millionaire |
7:02 AM
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