As featured in The Wall Street Journal, Money Magazine, and more!

How You Can Make $42,000 Each Day

This article was written by in Salaries. 2 comments.

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.

Published or updated June 21, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

Email Email Print Print
About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

Read related articles from Consumerism Commentary

{ 1 comment… read it below or add one }

avatar Jason

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.

Reply to this comment

Leave a Comment

Note: Use your name or a unique handle, not the name of a website or business. No deep links or business URLs are allowed. Spam, including promotional linking to a company website, will be deleted. By submitting your comment you are agreeing to these terms and conditions.

Notify me of followup comments via e-mail. You can also subscribe without commenting.