CEO Motto: “Greed is Go
According to the Federal Reserve, U.S. corporations held a record $1.93 trillion in cash on their balance sheets in 2010. But they are not investing to expand their companies, grow the real economy or create good middle-class jobs. Corporate CEOs are literally hoarding their company’s cash—except when it comes to their own paychecks.
Based on 299 companies’ most recent pay data for 2010, their combined total CEO pay of $3.4 billion could support 102,325 median workers’ jobs
|2010 Average CEO Pay at S&P 500 Companies|
|Nonequity Incentive Plan Compensation||$2,397,152|
|Pension and Deferred Compensation Earnings||$1,182,057|
|All Other Compensation||$215,911|
Source: AFL-CIO analysis of pay data from 299 companies, provided by salary.com.