Peace & Justice

This is the blog of the Commission on Peace and Justice for the Roman Catholic Diocese of Albany, New York.

Monday, April 30, 2012

Class warfare?

In 1980, the average large company CEO only received 42 times the average worker's pay. In 2011, the ratio of CEO-to-worker pay between CEOs of the S&P 500 Index companies and U.S. workers was 380.

The average level of CEO pay in the S&P 500 Index increased 13.9 percent in 2011, following a 22.8 percent increase in CEO pay in 2010.  The average CEO pay of companies in the S&P 500 Index rose to $12.94 million in 2011.

In 2011, average wages increased just 2.8 percent and average worker pay totaled $34,053. 

These and other interesting facts are available here. We think you might find them of interest.