8.31.2007

Happy Labor Day, Suckers!

CNBC:
Top executives at major U.S. businesses last year made as much money in one day of work on the job as the average worker made over the entire year, according to a report released on Wednesday...

The top 386 CEOs in the study took in perks, such as housing allowances and travel benefits, worth on average $438,342 in 2006. It would take a minimum wage worker 36 years to earn the equivalent of what CEOs averaged in just perks alone.

The 20 highest-paid individuals at publicly traded corporations last year took home, on average, $36.4 million. That's 38 times more than the 20 highest-paid leaders in the non-profit sector and 204 times more than the 20 highest-paid generals in the U.S. military.
Thanks, Jim.

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