Monday, June 16, 2008

More of the same

MANIFESTO

At some time, American workers are going to wise up to the rigged game they're playing and do something about it, but it sure didn't happen last year.
As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows.

The AP review of compensation for the heads of companies in the Standard & Poor's 500 index finds the median pay package added up to nearly $8.4 million. That's a comfortable gain of about $280,000 from 2006.
There comes a time when one makes too much money. E.g., in order to dispose of a $8.4 million annual salary, one would have to spend $23,014 per day.

UPDATED to fix math error. Obviously, I'm not smarter than a fifth grader.

1 Comments:

Blogger Mike said...

Although I agree that this is appalling, you need to check your math.

Monday, June 16, 2008 3:20:00 PM  

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