Saturday, April 21, 2012

CEOs get richer

The average CEO pay increased 14 percent to $12.9 million in 2011, 380 times that of the average worker, according to the AFL-CIO's annual Executive Paywatch.

 The report, called CEO Pay and the 99 percent, found that among the 300 firms of the S&P 500 companies that filed annual proxy reports, the average level of CEO pay rose 13.9 percent, following a 22.8-percent rise in 2010.

 12 million workers are without a job, and those with a job had a 2.8-percent raise.

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