Tuesday, January 3, 2012

By close of business today, the richest CEOs will have doubled the average salary …

You thought that this was just the very beginning of the year … well, here we are on the first business day and by the end of this day, the richest of the CEOs in this country will have made upwards of $80k

It’s a good gig if you can get it, and since they make 189 times what the average Joe makes, it underscores beautifully the greed system that is fast destroying capitalism and will erode our way of life more thoroughly than any single other factor.

How do they get these massive salaries and rich bonus plans? They negotiate with the board. And who is on the board? Other CEOs …

Here is the state of these two salary bases as of noon …

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Cha-ching!