Wachovia information paper -- essays research papers

be American chief executive officers Paid Too Much?Are American chief operating officers overpaid? In my opinion, they are. In America today, CEOs of various companies are known for their high school position and for their high salary. check to the Business Journal, the comely CEOs of an S&P 500 firm earned $2.7 million yearly in 1992. By 2000, the comely pay for these CEOs increased to more than than 400 percent totaling to some $14 million per year. When compared to average workers, the pay increase is even more dramatic. Is this increase justifiable? In 1992, CEOs were paid 82 times the average of blue-collar workers. In 2004, this amount increased to over 400 times. According to the Bureau of Labor Statistics, the average production worker fared less swell in 2003. Their annual pay was $26,899 in 2003, up just 2.1% from 2002. The average worker took home $517 in their hebdomadally paycheck in 2003 the average large company CEOs took home $155,769 in their weekly pay. I f the minimum wage had increased as quickly as CEO pay since 1990, it would be $15.71 per hour today. This is more than three times the trustworthy minimum wage of $5.15 an hour. While workers are increasingly anxious astir(predicate) their job security, and how they will pay the rising costs of everything from health restitution to housing, from college to gasoline, corporate executives continue to distance themselves from the cares and worries of those they lead. It sends a poor message to pick up cost cutting from the factory floor, while costs in the ...