Does your CEO earn more $$$ in 1 day than you earn in 1 year - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 33 (permalink) Old 06-21-2006, 06:00 PM Thread Starter
RB
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Does your CEO earn more $$$ in 1 day than you earn in 1 year

CEO Paycheck: $42,000 a day

June 21, 2006: 5:47 PM EDT

NEW YORK (CNNMoney.com) The top dogs at large companies make big bucks, no surprise. But it's always a little jolting to see just how big those bucks are relative to the paycheck of the average Joe.

Last year, the average CEO of a company with at least $1 billion in annual revenue made $10,982,000, or 262 times what the average worker made, according to an analysis by the Economic Policy Institute (EPI) released Wednesday.

Put another way, the average worker -- who earned $41,861 in 2005 -- made about $400 less last year than what the average large-company CEO made in one day. That assumes 260 days of pay (52 weeks x 5 days a week).

The CEO-to-worker pay differential in 2005 was the second highest on record. The highest was 2000, when the average CEO earned 300 times what the average worker made.

In 2002, the differential fell to 143 as the bear market took its toll on stock-related compensation. Nevertheless, between 2000 and 2005, median CEO pay rose 84 percent to $6.05 million on an inflation-adjusted basis, according to EPI.

Median worker pay during the same period fell an estimated 0.3 percent to $33,852, based on BLS weekly earnings data.

Critics of CEO pay contend that the compensation committees of publicly traded companies too often fail to tie pay to performance.

http://money.cnn.com/2006/06/21/news...ex.htm?cnn=yes

[quote author=crazyduckme link=topic=177063.msg3770321#msg3770321 date=1282314647]
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post #2 of 33 (permalink) Old 06-21-2006, 06:02 PM
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Re: Does your CEO make more $$$ in 1 day than you make in 1 year

That is crazy!!!

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post #3 of 33 (permalink) Old 06-21-2006, 07:16 PM
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Re: Does your CEO earn more $$$ in 1 day than you earn in 1 year

Hey wow... I make more in a year than MY CEO makes in a day..... not including bonus.



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post #4 of 33 (permalink) Old 06-21-2006, 09:28 PM Thread Starter
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Re: Does your CEO earn more $$$ in 1 day than you earn in 1 year

Yeah, and how often do you read about CEOs getting humongous bonuses even though shareholder value had decreased during the same fiscal year. BS, I say!

[quote author=crazyduckme link=topic=177063.msg3770321#msg3770321 date=1282314647]
I told Brandon.... we can try it out once we're married. that's just my rule.

and I dun look mexican, do I?
[/quote]
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post #5 of 33 (permalink) Old 06-21-2006, 09:43 PM
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Re: Does your CEO earn more $$$ in 1 day than you earn in 1 year

No, but my dad makes more in one day than I do in a month. :shock: And he works from around 10-11am until 4-5pm, must be nice to own your own business.

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post #6 of 33 (permalink) Old 06-21-2006, 09:48 PM
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Re: Does your CEO earn more $$$ in 1 day than you earn in 1 year

Is he hiring?



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post #7 of 33 (permalink) Old 06-21-2006, 10:35 PM
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Re: Does your CEO earn more $$$ in 1 day than you earn in 1 year

haha, yeah, what does he do?
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post #8 of 33 (permalink) Old 06-21-2006, 11:44 PM
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Re: Does your CEO earn more $$$ in 1 day than you earn in 1 year

He is in the steel business. He does alright. :P

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post #9 of 33 (permalink) Old 06-22-2006, 12:42 AM
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Re: Does your CEO earn more $$$ in 1 day than you earn in 1 year

My dad makes the same amount of money a week, that I make in 6 months.

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post #10 of 33 (permalink) Old 06-22-2006, 02:14 AM
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Re: Does your CEO earn more $$$ in 1 day than you earn in 1 year

i think my dads bathroom drawer has more money in it than i made this year.


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