CEO Pay Jumps 27 Percent, Everyone Else's Up Just 2 Percent

CEOs are feeling the recovery before everyone else. The pay gap between the boss and the and rest of us took a great leap forward in 2010.

USA Today crunched some numbers late last week and determined American workers are getting a raw deal, at least if you feel average employee pay should have anything to do with CEO compensation.

CEO pay jumped somewhere between 27 and 31 percent depending on which group of CEOs you look at. The average worker got a raise of just 2.1 percent according to government statistics, barely above inflation (PDF).

The Wall Street Journal took the average of 50 top U.S. companies and found a 30.5 percent average increase in CEO pay. USA Today used a bigger sample of nearly 200 companies collected in GovernanceMetrics International data to arrive at a 27 percent estimate. USA Today:

CEOs’ 2010 median pay jumped 27 percent from $7.1 million in 2009, one of the largest increases in recent history. The jump was a complete reversal from 2009 and 2008, when most CEOs took a pay haircut. The growth in CEOs’ median pay topped the median 21 percent total return that investors would have collected if they owned shares of the companies in the compensation analysis.


This is part of a decades long trend of CEO pay raises outpacing average worker pay. In the 1960s, when the American economy was centered more around manufacturing, CEO pay was about 24 times the pay of the average worker, according the labor-funded Economic Policy Institute. The ratio had reached more than 200:1 by 2006, the latest data posted on their website. Maybe it's time for a new calculation.

Image: (cc) by Flickr user bigburpsx3.

Screenshot via (left) Wikimedia Commons (right)

Greta Thunberg has been dubbed the "Joan of Arc of climate change" for good reason. The 16-year-old activist embodies the courage and conviction of the unlikely underdog heroine, as well as the seemingly innate ability to lead a movement.

Thunberg has dedicated her young life to waking up the world to the climate crisis we face and cutting the crap that gets in the way of fixing it. Her speeches are a unique blend of calm rationality and no-holds-barred bluntness. She speaks truth to power, dispassionately and unflinchingly, and it is glorious.

Keep Reading Show less
The Planet
Ottawa Humane Society / Flickr

The Trump Administration won't be remembered for being kind to animals.

In 2018, it launched a new effort to reinstate cruel hunting practices in Alaska that had been outlawed under Obama. Hunters will be able to shoot hibernating bear cubs, murder wolf and coyote cubs while in their dens, and use dogs to hunt black bears.

Efforts to end animal cruelty by the USDA have been curtailed as well. In 2016, under the Obama Administration, the USDA issued 4,944 animal welfare citations, in two years the numbers dropped to just 1,716.

Keep Reading Show less

The disappearance of 40-year-old mortgage broker William Earl Moldt remained a mystery for 22 years because the technology used to find him hadn't been developed yet.

Moldt was reported missing on November 8, 1997. He had left a nightclub around 11 p.m. where he had been drinking. He wasn't known as a heavy drinker and witnesses at the bar said he didn't seem intoxicated when he left.

Keep Reading Show less
via Real Time with Bill Maher / YouTube and The Late Late Show with James Corden / YouTube

A controversial editorial on America's obesity epidemic and healthcare by comedian Bill Maher on his HBO show "Real Time" inspired a thoughtful, and funny, response by James Cordon. It also made for a great debate about healthcare that Americans are avoiding.

At the end of the September 6th episode of "Real Time, " Maher turned to the camera for his usual editorial and discussed how obesity is a huge part of the healthcare debate that no one is having.

"At Next Thursday's debate, one of the candidates has to say, 'The problem with our healthcare system is Americans eat shit and too much of it.' All the candidates will mention their health plans but no one will bring up the key factor: the citizens don't lift a finger to help," Maher said sternly.

Keep Reading Show less
via Gage Skidmore

The common stereotypes about liberals and conservatives are that liberals are bleeding hearts and conservatives are cold-hearted.

It makes sense, conservatives want limited government and to cut social programs that help the more vulnerable members of society. Whereas liberals don't mind paying a few more dollars in taxes to help the unfortunate.

A recent study out of Belgium scientifically supports the notion that people who scored lower on emotional ability tests tend to have right-wing and racist views.

Keep Reading Show less