How You Can Make $42,000 Each Day

All you have to do to earn $42,000 a day, or $11 million each year, is be average.

Wait, when I say “average,” I mean “average CEO.” That’s not so hard to do, right? In 2005, if you were the average CEO, you made 262 times what the average worker made, $41,861 anually.

Critics of CEO pay contend that the compensation committees of publicly traded companies too often fail to tie pay to performance.

CEOs make this kind of money because companies are willing to pay. Shareholders must believe they are worth the big bucks, otherwise they’d vote to change the Board of Directors, right? So this is just the free market at play… maybe.

Scroll down to read 2 comments on “How You Can Make $42,000 Each Day.”

Add to: Facebook | Delicious | Reddit | Digg
Get the RSS feed or enter your email address:


Related Entries on Consumerism Commentary

2 Comments on “How You Can Make $42,000 Each Day.” To add your own comment, scroll down.

  1. Trackback #1 by Why We Worry (reply)
    June 22nd, 2006 at 2:51 pm
  2. Comment #2 by Jason (reply)
    June 24th, 2006 at 12:05 pm

    I guess the real question is do the shareholders really have the power to force the board to make changes? I’m not that knowledgeable of the inner workings of it but I’d have to say I’m pretty skeptical.

Leave a Comment

Enter your comments below. Please note: Use of a non-personal web site or blog in the field below and/or comments that are off-topic, personal attacks, or support requests will likely be removed at my discretion.

Copyright of comments belongs to the comment author, but I reserve the right to edit comments for formatting or content.

Add a photo or icon to your comment by creating an account on Gravatar.

Welcome to Consumerism Commentary

Consumerism Commentary is a blog for men and women who wish to make the most of their financial lives. Read more about Consumerism Commentary.


Cash Loans
SmartyPig. The Social Side of Savings
TradeKing.com

Advertise on Consumerism Commentary

Credit Card Offers

FNBO Direct

Recent Comments

Best of Consumerism Commentary

Recent Articles

Popular on pfblogs.org

Subscribe via E-mail

TradeKing.com

Contributors

Disclaimer

The authors of Consumerism Commentary are not professional financial advisers and no text within this website should be considered financial advice. Any individual who makes financial decisions based solely on the information contained within does so at his or her own risk. Always consult a financial professional.

About Advertising

This website contains advertisements, usually listed as “sponsors.” Some links are for products or services for which Consumerism Commentary is an "affiliate." No articles within the blog are advertisements disguised as blog entries. Consumerism Commentary is not compensated for any content, except for advertising sold. This site contains no Pay-Per-Post (or similar) articles.

Privacy Policy

Carnival of Personal Finance