EPI Study Examines Sky High CEO Pay
June 29, 2006
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June 29, 2006 – CEO’s in the U.S. earned an astounding 262 times the pay of the average worker in 2005, the second-highest level in 40 years, according to the Economic Policy Institute (EPI).
In 2005, CEO’s earned an average of $10,982,000, compared to just $41,861 for the average worker. Forty years ago, CEO’s earned only 24 times that of the average worker. That ratio grew to 35 in 1978, 71 in 1989 and 143 in 2002. CEO’s today earn more in one day than the average worker earns in a year, according to EPI.
