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Gaping Inequality: CEO Earns 1,795 Times The Average Worker

Gaping Inequality: CEO Earns 1,795 Times The Average Worker

The financial crisis wreaked havoc on ordinary Americans while leaving many CEOs unscathed. So federal reforms, including the 2010 Dodd-Frank law, required companies to disclose their CEO-to-worker pay ratio. But for various reasons, they didn't do it, so Bloomberg News did the legwork. The news service published ...

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CEOs Earn 354 Times More Than Average Worker

CEOs Earn 354 Times More Than Average Worker

The latest fun figure about our country's growing income inequality: The average big company CEO earns 354 times that of the average rank-and-file worker. That statistic comes courtesy of the AFL-CIO, the largest federation of trade unions in the country, which has been tracking this ratio since 1996, ...

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McDonald's Server Would Have To Work 550 Years To Earn CEO's Pay

McDonald's Server Would Have To Work 550 Years To Earn CEO's Pay

In a stirring Bloomberg BusinessWeek article, Leslie Patton tells the story of one McDonald's employee. His name is Tyree Johnson. The 44-year-old has worked at the fast food chain for two decades, yet still makes just $8.25 an hour, and doesn't get 40 hours a week of work. So Johnson has jobs at two Chicago ...

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Average CEO Pay Jumps To $14 Million, While Workers Barely Tread Water

Average CEO Pay Jumps To $14 Million, While Workers Barely Tread Water

In an era when so many American workers have seen their wages stagnate or even fall, paychecks for top executives have climbed astronomically higher. And higher. A new report shows that despite public outrage, the trend continues. Salaries for the 200 top-paid CEOs rose 5 percent last year to a median $14.5 ...

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America's Most Overpaid CEOs

America's Most Overpaid CEOs

It's that time of year again, when proxies are released and many business publications run lists of the highest paid CEOs at America's large public companies. The compensation figures are extraordinarily high, sometimes ranging into the tens of millions of dollars. At 24/7 Wall St., we wanted to see whether ...

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The Good, The Bad and The Ugly for Job Seekers in 2010

The Good, The Bad and The Ugly for Job Seekers in 2010

With end of year economics reports coming out and pundits predicting possibilities for 2010, job seekers are finding multiple reasons both to cheer and jeer. The Good In a recent interview on ABC's This Week, White House economic adviser Lawrence Summers said he believes Spring will see a marked ...

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