income inequality / wealth inequality

Big Firms Pay CEOs $1 Million a Month

Writing in The Wall Street Journal (3/18/19) Theo Francis explains that job growth has helped more Americans find employment while also helping corporate CEOs earn $1 million/month. Yes, per month. According to WSJ analysis, “median compensation for 132 chief executives of S&P 500 companies reached $12.4 million in 2018, up from $11.7 million in 2017.” The median raise for CEOs was 6.4% even though most of these companies reported disappointing returns for shareholders.
Compensation for the head of Walt Disney corporation was $66 million last year, an increase of 80% over 2017. Yes, an 80% increase in pay!
And you can bet who has the ear of our politicians; it’s not you or me.
Source: Financial Planning for Women