A chief executive officer of a Standard & Poor's 500 company was paid, on average, $10.4 million in total compensation in 2008, according to preliminary data from The Corporate Library.
Excessive executive compensation has taken center stage since the government bailout of banks that began in September 2008. Americans have expressed outrage as CEOs and other executives responsible for the financial crisis have pocketed millions of dollars from bonuses and golden parachutes.
CEO perks alone grew in 2008 to an average of $336,248—or nine times the median salary of a full-time worker. Meanwhile, the economy tanked for working people while many companies were bailed out with more than $700 billion in taxpayer money, as well as low-interest loans and guarantees.
The case studies here focus on 10 executive compensation practices that define a broken system in which the American taxpayer is left holding the bag. Also in Executive PayWatch, you can find CEO compensation data for some of the country's largest companies, compare your pay to the CEOs, learn more about executives enjoying job and retirement security while fighting to keep workers from getting contracts, find out what you can do to put balance back into our economy and play a satisfying online game: Boot the CEO.
To see 100 highest paid CEOs recent salaries:
http://www.aflcio.org/corporatewatch/paywatch/ceou/top100.cfm
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