Uncertainty Is Really Hurting Those Poor CEOs
No GOP spokesperson can utter more than two sentence before they begin to complain about how uncertainties surrounding Obama policies are stalling business growth. Fear of taxes and regulation have corporate executives hiding under their desks, they contend. Whatever these “uncertainties” are however they aren’t preventing CEOs from filling their personal coffers at record levels, as if the Great Recession never happened.
An AP analysis shows that CEO pay increased 24% in 2010, to an average of over $9 million. Maybe they deserve it though. It’s probably stressful figuring out where to park the yacht, what color to paint the vacation home in the Bahamas, and keeping the Mercedes tuned up.
By the way, the average hourly worker’s pay went up 2.1%.