CEO Pay Increases in 2011. Surprise Surprise.
By Adam | Apr 2, 2012
In 2011 the average S&P 500 CEO received $9.6 million in compensation in 2011. The Average. Middle of the Road. Meh. The highest paid was Viacomâ€™s CEO, Phillipe Dauman who clocked in at $431,100,000. Thatâ€™s some nice Hunger Games money Phillipe.
While CEOâ€™s â€śonlyâ€ť received a 2 percent raise from 2010 (when they received a 27% pay bump from 2009), when you are talking millions, percentages arenâ€™t the number you look atâ€¦.itâ€™s the commasâ€¦like the two commas in $9,600,000.00.
While Americans struggle to find work and have their unemployment benefits terminatedâ€¦CEOs just put bigger numbers in front of their second comma.
And now the CEOâ€™s are trying to put one of their own in the White House, because $9.6 million just isnt enough. They want more, they wants yours. So, they want Mitty.
Mitt Romney pays 14% in income tax and is building a new mansion in California that has elevators for his cars. Are you kidding me? Elevators. For his cars.
As disgusted as this makes me, the fact that Americans who make less than $20,000,000 a year will vote for this individual in droves, while he will only represent the 2 commaâ€™d amongst us, is beyond sick.
Perhaps the national conversation will shift given the â€ś99%/Occupyâ€ť movement. However, the astro-turf movements orchestrated by the Kochâ€™s, Dick Armeyâ€™s Freedom Works, and their ilk to crush health care legislation, worker safety laws, food safety laws and every other regulation that protects people from their insatiable greed seems to be winning the day.