The median pay package for an American CEO, the Associated Press reported this week, rose above $10 million per year for the first time ever.
Last year saw a fourth straight year of CEO pay raises, while average workers’ salaries remained largely stagnant. CEO pay has jumped a staggering 50 percent since 2008.
“A chief executive now makes about 257 times the average worker’s salary, up sharply from 181 times in 2009,” according to the AP.
If only Barack Obama were president.
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