Monday, March 3, 2014

A MESSAGE TO THE 1% FROM THE "BOSS"

Was this message intended to frighten or enlighten?

Then Jesus looked around and said to his disciples, “How hard it will be for those who have wealth to enter the kingdom of God!” And the disciples were perplexed at these words. But Jesus said to them again, “Children, how hard it is to enter the kingdom of God! It is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.”



It's good to be the king, or CEO, as the case may be. At least when it comes to pay. With a staggering total compensation package of $378 million for 2011, Apple's Tim Cook takes the cake for the highest Fortune 50 CEO-to-typical-worker pay ratio. Indeed, it takes 6,258 typical Apple worker salaries to match Cook's total pay. On the opposite side of the spectrum, the ratio for Berkshire Hathaway's Warren Buffett was 11-to-1. Overall, most CEOs took home an average 379 staffers' worth in base pay. And those looking for a bump might want to check out Microsoft's openings. The software giant had the highest typical worker salaries among the 35 companies we've highlighted, at $110,000.