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Posted to alt.machines.cnc,rec.crafts.metalworking
Jan Nielsen
 
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Default Ode to a Handle Cranker

On Tue, 03 Jan 2006 10:22:16 -0600, F. George McDuffee
wrote:

On Tue, 03 Jan 2006 08:29:44 +0100, Jan Nielsen
wrote:


I recently read somewhere that here in Europe a corporation managers salary is
typical around 10 to 20 times larger than the average guy on the floor - in US
it's more like 400 times larger. Do you have any numbers, George?


In response to your specific question (from page 17 in the
hardcover edition) for the S&P 500 corporations:
1980 CEO pay 42X the average [not median] worker's pay in their
organization
2000 CEO pay 531X the average worker's pay in their organization
2004 CEO pay 280X the average worker's pay in their organization


No wonder hamei moved to China! Over there they get to watch a corrupt CEO
get a bullet through his spine now and then - instead of a golden handshake.
--
- JN -