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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (25988)	3/19/2005 10:11:49 AM
From: mishedlo	Respond to of 116555

The new robber barons A study for The Wall Street Journal by Mercer Human Resource Consulting found that at 100 major U.S. corporations, bonuses for C.E.O.'s last year rose more than 46 percent, to a median of $1.14 million. Both the amount and the percentage increase were the highest since comparable studies began five years ago. --------- Since 1993, the average pay for C.E.O.'s of the S.&P. 500 companies has tripled to $10 million at last count, while the number of Americans without health insurance has risen by six million. If America's chief executives really earned their money, I'd be more sympathetic. But in 5 of the 100 companies in The Journal's study, bonuses rose as the companies' income dropped --------- public companies devoted about 10 percent of their profits to compensating their top five executives, up from 6 percent in the mid-1990's. That's a hijacking of corporate wealth by top managers. --------- Our sec. of treasury is a prime example of increased outlandish compensation as his co. sank. Article on this at: nytimes.com