CEO Pay Up, Average Worker Not so Much (Time)

Executives in the corner office now make 62 times more than the average worker, and that's just in bonuses alone.

A study done for the Wall Street Journal, found that incentive pay for the chief executive officers of 50 major corporations jumped 30% in 2010. That's on top of their base pay. And it also doesn't include a whole bunch of other things, like generous retirement packages, gold-plated healthcare plans and use of the corporate jets. Remember how the financial crisis was supposed to wipe away the bonus culture of pay for short-term performance in corporate America? Yes. Well, not so much. ...

Some of lucky (they would say deserving) recipients included Walt Disney's CEO Robert Iger, who received a $13.5 million bonus. That was an increase of 45.5% from a year ago.

I get it. CEOs have a lot of responsibilities. Their jobs are hard. But do they deserve to make 62 times more than the rest of us? That means if you're getting paid a "generous" $600/week, a CEO is making - in that same week - more than you do the whole year. No joke. Do they deserve $37,2000/week? Say it with me, folks... Not so much.

Read the full article here.