While the Clinton years were the boom years for top execs-
Sadly, the Bush years have not been as generous.
In fact… Top executives on average are not making even half of what the were making during the Clinton years!
Here are the statistics the New York Times published today on top executive pay in the United States over the last decade:
And, here is the title of the article:
More Than Ever, It Pays to Be the Top Executive
As executive pay has surged in most American companies, attention has focused on the growing gap between the earnings of top executives and the average wage of workers in cubicles or on the shop floor. Little noticed, though, is how much the gap has also widened between the summit and the next few echelons down.
“It’s executive pay chasing executive pay,” said Mark Van Clieaf, managing director of MVC Associates International, a consulting firm that develops compensation plans. “But nobody looked at the issue of internal pay equity, so the disparity just kept getting bigger.”
What a ridiculous article!
Not only has top executive pay gone down dramatically under the Bush Administration- You can clearly see this in the first chart in the series of the three above…
Goodness- Top executives are not making even half of what the were making during the Clinton years!
You’d think that would make a few headlines!
But… The “growing gap between the earnings of top executives and the average wage of workers in cubicles or on the shop floor” has dropped under the Bush Administration as reported in February of this year- also by the New York Times.
Here is a chart from the February article that shows the real CEO boom years were during the Clinton ’90’s:
So is it really honest to report:
“More Than Ever, It Pays to Be the Top Executive”
No.
Previously:
The Roaring 90’s: The Real CEO Boom Years
