The Huffington Post reported in a story today that CEO pay has jumped a minimum of 27 % this last year. Full story link is here.
American CEOs saw pay increases of between 27 and 40 percent last year, according to a GovernanceMetrics International survey cited by the Guardian. In addition, the median value of CEOs profits on stock options jumped to $1.3 million from $950,400.
One would think in a really bad economy with companies doing so poorly they have to lay-off workers and cut back on hiring that this would also be reflected in the pay of the top company official. Apparently that is not the case.
So while millions of Americans are out of work and many facing empty plates on Christmas Day there will be plenty of CEO's private jetting off to warm secluded islands and enjoying a rather merrier than usual holiday.
The rich get richer and the poor get poorer and the mainstay of America, the middle class, continues to shrink. I hope 2012 finds renewed strength for the OWS movement and that the protests will continue to grow in small cities and towns throughout the nation.
The people may not have the power of money but they do have a voice and with persistence it will be heard across America. Let freedom ring with the voices of those who have been silent and by those who have been oppressed. Power to the People 2012.
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