Ed Schultz has been pounding the “vulture capitalism” point relentlessly, and now Think Progress has details about CEO pay skyrocketing while the average worker’s is nearly stagnant. Here’s a sample:
In 2011, CEOs in the Fortune 500 made an average of $12 million, about 380 times what the average worker makes:
The ratio of CEO-to-worker pay between CEOs of the S&P 500 Index companies and U.S. workers widened to 380 times in 2011 from 343 times in 2010. Back in 1980, the average large company CEO only received 42 times the average worker’s pay.
This explosion in pay certainly isn’t justified by corporate performance.
And the GOP wonder why people talk about class warfare? The enormous wealth gap, income inequality, and their sacred Ryan budget complete with tax cuts for the wealthy don’t ring a bell?
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