CEOs earn 262 times pay of average worker

**god hand** · 06-22-2006, 05:43 PM

NEW YORK (Reuters) - Chief executive officers in the United States earned 262 times the pay of an average worker in 2005, the second-highest level in the 40 years for which there is data, a nonprofit think-tank said on Wednesday.

In fact, a CEO earned more in one workday than an average worker earned in 52 weeks, said the Economic Policy Institute in Washington, D.C.

The typical worker's compensation averaged just under $42,000 for the year, while the average CEO brought home almost $11 million, EPI said.

In recent years, compensation has been a hot issue with shareholders who have been bombarded with news stories about chief executives who are given multimillion dollar bonus and pay packages even if shares have declined.

For example, the chief executives of 11 of the largest companies were awarded a total of $865 million in pay in the last two years, even as they presided over a total loss of $640 billion in shareholder value, a recent study from governance firm the Corporate Library, found.

In 1965, U.S. CEOs at major companies earned 24 times a worker's pay. That ratio surged in the 1990s and hit 300 at the end of the recovery in 2000, according to EPI.

CEO pay is defined by the sum of salary, bonus, value of restricted stock at grant and other long-term incentives. Worker pay is hourly wage of production and nonsupervisory works, EPI said.

I wonder how much the CEO of Exxon make?

**lnvanry** · 06-22-2006, 06:00 PM

that what makes me strive for the top.

It can really suck sitting at the bottom.

**min0 lee** · 06-22-2006, 06:03 PM

I could care less how much a CEO earns if he keeps the company strong, what irks me is that they still make that money while thousands of employees get laid off.

**bigss75** · 06-22-2006, 06:10 PM

Yeah, as long as their keeping the ship afloat and the shareholders choose to give them their raises and bonuses its fine. While the money they make is usually absurd a CEO's job is much harder than the people flipping burgers and is paid accordingly

**maniclion** · 06-22-2006, 06:24 PM

CEO of Exxon about 70 million.

CEO of Evergreen Solar $442,000.

**bigss75** · 06-22-2006, 07:12 PM

Total Revenue ExxonMobil 370,680,000,000
Total Revenue Evergreen Solar 43,030,000

**god hand** · 06-22-2006, 07:14 PM

Originally Posted by bigss75

Total Revenue ExxonMobil 370,680,000,000
Total Revenue Evergreen Solar 43,030,00

You better change this before DOMS see it!

**fufu** · 06-22-2006, 07:15 PM

They are CEO's for a reason aren't they?

Correct me if I'm wrong, but aren't the CEOs the ones who started whatever company?

**bigss75** · 06-22-2006, 07:19 PM

Originally Posted by fufu

They are CEO's for a reason aren't they?

Correct me if I'm wrong, but aren't the CEOs the ones who started whatever company?

Not nessisarly, but they are the highest authority and are basicly responsible for every action of the company

**maniclion** · 06-22-2006, 07:27 PM

Originally Posted by bigss75

Total Revenue ExxonMobil 370,680,000,000
Total Revenue Evergreen Solar 43,030,000

Which I think is utterly pathetic.

Times they are a changing though:

June 16, 2005 8:24 AM PDT Google founders invest in solar energy

Three years ago, investing in solar and alternative energy was considered odd. A couple of massive hikes in the price of oil later, and suddenly it's a status symbol. Google founders Sergey Brin and Larry Page (along with brother Carl Page) are investors in Nanosolar, which specializes in thin-film solar cells, according to the company's Web site. These thin-film solar cells are less efficient in harvesting the sun's energy than traditional crystalline solar cells. Brin and Page actually invested in the company a few years ago, but were lumped in with "prominent individual investors."
However, these solar cells can be printed on sheets of plastic, which can then be transparently integrated into roofs, walls and other surfaces. Thus, more surface area can be covered. Traditional solar cells are as decorative as an old-time satellite dish.
Thin-film technology is also improving. Other companies in this field include Konarka.
Nanosolar has approximately 42 patents and also holds an exclusive license to 15 patents from Sandia National Laboratories. Scientific collaborators include Stanford professor Michael McGehee, who has written extensively on photovoltaic technology, and the University of California at Berkeley.
Other investors include Mohr Davidow Ventures and Benchmark Capital.

**bigss75** · 06-22-2006, 07:34 PM

The Google Guys have so much capital they need to find things to throw their money at.

**lnvanry** · 06-22-2006, 07:36 PM

The goolge guys are young techies that have a lot of learning to do...they do not want to be the next yahoo.

**DOMS** · 06-22-2006, 07:46 PM

Moral of the story: Don't be average.

**bigss75** · 06-22-2006, 07:48 PM

Alot of learning to do? 121 Billion market cap I think they have learned all they need to.

**lnvanry** · 06-22-2006, 07:50 PM

I'm talking long term.

how bout the partner who is a russian immigrant. Didn't they meet at TexasU?

**bigss75** · 06-22-2006, 08:09 PM

Stanford is where there both went to school.

**topolo** · 06-22-2006, 08:25 PM

this thread is ghey

**DOMS** · 06-22-2006, 08:26 PM

Gay people do, on average, make $18,000 more a year than their straight counterparts.

So if they guys at google make that much money, they must be the source of gay.

**lnvanry** · 06-22-2006, 09:08 PM

Originally Posted by DOMS

Gay people do, on average, make $18,000 more a year than their straight counterparts.

So if they guys at google make that much money, they must be the source of gay.

bigsss I thought it was TU? R U sure?

**bigss75** · 06-22-2006, 10:50 PM

Yeah they were both in computer science PhD program together at Stanford

**god hand** · 06-23-2006, 05:10 AM

Originally Posted by topolo

this thread is ghey

You dickhead for a nose havin donkey anus lickin SOB dont ever call one of my threads gay or ghey.

**Big Smoothy** · 06-23-2006, 06:36 AM

Originally Posted by lnvanry

that what makes me strive for the top.

It can really suck sitting at the bottom.

What percentage make it to the top Ivanry?

Less than 1%

**bigss75** · 06-23-2006, 07:47 AM

Originally Posted by Mr_Snafu

What percentage make it to the top Ivanry?

Less than 1%

Quite the optimist you always seem to be

**lnvanry** · 06-23-2006, 11:23 AM

Originally Posted by Mr_Snafu

What percentage make it to the top Ivanry?

Less than 1%

yes....I would hope everyone would already know that.

**largepkg** · 06-23-2006, 11:50 AM

Originally Posted by bigss75

Quite the optimist you always seem to be

Big, he doesn't know how to be happy. What do you expect from someone who doesn't own a vehicle, can only show his true feeling on the internet, and based on his attitude here can't have many friends.

**lnvanry** · 06-23-2006, 12:18 PM

Originally Posted by largepkg

Big, he doesn't know how to be happy. What do you expect from someone who doesn't own a vehicle, can only show his true feeling on the internet, and based on his attitude here can't have many friends.

every time I read your posts I can't help but want a snack pack of crackers....mmmmmm.....avatar crackers

**TJ Cline** · 06-23-2006, 12:26 PM

Another good example of the inequality in America. I know many of these rich white men ( I would bet 99% of CEO'S are that) got the positions because of family wealth and family conections. The few who worked for it deserve at least 100 times pay of average worker.

**BigDyl** · 06-23-2006, 02:01 PM

Originally Posted by ForemanRules

Another good example of the inequality in America. I know many of these rich white men ( I would bet 99% of CEO'S are that) got the positions because of family wealth and family conections. The few who worked for it deserve at least 100 times pay of average worker.

True Story, I'd say 99.99999999999999999999999999999999999999999999999 999999999% got the position from wealth or connections.

**bigss75** · 06-23-2006, 02:12 PM

The money just doesnt come from thin air. Of course alot of CEOs get their jobs from connections, its called networking, but by no means does that make them stupid, I'm sure the majority have an MBA or PhD

**BigDyl** · 06-23-2006, 02:28 PM

Originally Posted by bigss75

The money just doesnt come from thin air. Of course alot of CEOs get their jobs from connections, its called networking, but by no means does that make them stupid, I'm sure the majority have an MBA or PhD

When did having a degree raise your genetic potienal for intelligence?

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