Februrary 2016 The Fiscal Times | Yuval Rosenberg
This CEO Got $142 Million More Than He Deserved
“How much does the average CEO of a major U.S. company make?
The Rock Center for Corporate Governance at Stanford University asked that question, more or less, as part of a recent survey designed to gauge public perception of pay levels for top execs. The median response of the 1,202 people surveyed was $1 million — a nice round number that probably sounded like a lot of money.
The real answer is about 10 times higher: $10.3 million, according to a 2015 report from the compensation trackers at Equilar.
Even with that vast underestimation of CEO pay, public frustration over lavish executive pay packages is clear — and not just at Bernie Sanders rallies. Roughly three-quarters of those surveyed for the Stanford study said CEOs are not “paid the correct amount relative to the average worker,” and that view held across political party affiliations. Just a quarter of Republicans believe CEOs are paid appropriately, only slightly higher than the 16 percent of Democrats and 11 percent of independents.
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