A report by Standard & Poor’s shows that while the workers of the United States continue to struggle, the corporate leaders are raking in the dough. In fact corporate executives are making more now, than they did before the 2007 market correction.
S & P’s 500 reports that in 2010, the average yearly salary of a corporate executive was $9 million, NOT counting bonuses. That’s a 24% increase over 2009. Are you making that much? Did you get a 24% raise?
The S & P’s report proves you are not making that much. The report says the average worker got a piddly 3% increase in pay. The average pay for those who are employed is $40,500 per year (41% earn less than the average). That’s only one half a percent of the average salary for a CEO.
When are workers going to wake up? Who is really doing the work that makes the corporations money? It’s NOT the executive officers!