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OUR GAPING ECONOMIC DIVIDE

Cowboy hat By Jim Hightower - Mon., 10/8/07

According to faireconomy.org, which analyzes CEO pay, perks, and pensions, in 2006 the chieftains of Fortune 500 corporations averaged $10.8 million each in pay--more than 364 times the annual paychecks of the average U.S. worker! On top of this, CEOs salted away an average of $1.3 million in pension gains in 2006, and they averaged another $438,000 in such freebies as personal travel on corporate jets, country-club fees, and even corporate payment of their taxes.
Filed Under: Corporate greed, Money, Poverty, Wealth