Hey, that even rhymed. Ok, now onto the serious business. How well are CEOs doing right now compared to their workers. Well, this well:
A CEO at a Standard and Poor's 500 company on average received $14.8 million last year, a 9.4 percent pay raise over 2005. In the past decade, CEO pay has jumped an average of 45 percent, while workers' wages squeaked ahead by 7 percent.
So what might be the cause of this? There are many causes, in fact, but the U.S. House Committee on Oversight And Government Reform has decided to look at one of them: Big corporations that hire "conflicted consultants" who advise on CEO pay (CEOs at top companies now make 600 times what their workers make, as oposed to the prosperous 1950s, when CEOs somehow survived making only 30-40 times as much as their employees) and then are retained at a high price to advise on other company matters.
So you can just see these guys and gals advocating lower CEO pay or pay tied to performance, right? It's not like that would potentially cost them untold hundreds of thousands or millions in consulting fees because they piss off the CEO...
Quite a racket they have going. But remember, buying your own jet can be quite a bear...
