DYSPEPSIA GENERATION

We have seen the future, and it sucks.

Union Leaders Earn More Than Most CEOs

15th May 2017

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Last week, AFL-CIO, the largest trade union organization in the U.S., released the results from its annual Executive Paywatch report: CEOs at S&P 500 companies earned on average $13.1 million in 2016, and “this greed of corporate CEOs” has caused a “CEO-to-worker pay ratio of 347 to 1.” “It’s shameful that CEOs can make tens of millions of dollars,” AFL-CIO president Richard Trumka said, “and still destroy the livelihoods of the hard-working people who make their companies profitable.” But the AFL-CIO report neglected to include the average salary for all CEOs in the U.S. in 2016, which, according to the Bureau of Labor Statistics, was $194,350. These same union leaders who criticize the salaries of CEOs earned on average $252,370 in 2016 — nearly $60,000 more than their private-sector counterparts.

You want cronyism? I got yer cronyism, right here.

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