Wednesday, May 22, 2013

Median CEO pay rises to $9.7 million in 2012

Leech,or Bloodsucker?
Johann Wagener 5-22-13

Many CEO's are reminiscent of these bloodsucking annelid worms. Most leeches live in the sea. Some live in freshwater and others on land. These creatures have successfully  fooled people into believing that they are "special", endowed with mystical talents and require to be fed millions of dollars in order to perform functions that pale when compared to those that actually work for a living. .
Median CEO pay rises to $9.7 million in 2012

The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.

Companies say they need to pay CEOs well so they can attract the best talent, and that this is ultimately in the interest of shareholders. But shareholder activists and some corporate governance experts say many CEOs are being paid far above what is reasonable or what their performance merits.

Pay for all U.S. workers rose 1.1 percent in 2010, 1.2 percent in 2011 and 1.6 percent last year - not enough to keep up with inflation. 

The median wage in the U.S. was about $39,900 in 2012, according to data from the Bureau of Labor Statistics.