I believe this difference is the key problem of today's society, and this bad behaviour is becoming common in Europe as well, even if not so much. May be is like buying CEO souls so they can do all the worst to their fellow workers (and citizens) for the short term benefit of the shareholders (who sell their shares in time..). I think we don't only need a minimum wage, a maximum wage would be recommendable as well.
Massimo Portolani
On 19/mag/05, at 18:25, Michael Hoover wrote:
How would you like a 54 percent pay raise? That's how much pay jumped last year for the chief executives of the 500 largest U.S. companies, reports Forbes magazine.
Worker pay is shrinking, the economy is stalling, the trade deficit is growing and the stock market is below 1999 levels, but CEO pay is still on steroids.
The highest paid CEO in 2004 was Yahoo's Terry Semel, who hauled in $230.6 million. That's more than $4 million a week.
Yahoo is on the "Lou Dobbs Tonight" list of companies "sending American jobs overseas, or choosing to employ cheap overseas labor, instead of American workers." It would take the pay of 7,075 average American workers to match the pay of Yahoo's CEO.
