News

24 Times the President


Tuesday, April 16, 2013

This past year, CEO pay averaged 24 times the presidential pay rate [of $400,000] and 300 times the average worker salary, notes Sam Pizzigati at Too Much: An Online Weekly on Excess and Inequality. But this hasn’t always been the case. “In fact, from the 1930s into the 1970s, Presidents routinely took in more than average CEOs,” writes Pizzigati.“Richard Nixon’s 1970 paycheck trumped the CEO average by $45,000.”

© 2014 The Valley Advocate