CEO Salaries Soar
2008Barry Weisleder 2008-02The page as the paper published it (Wayback Machine) →
From the paper's own web edition, recovered from the Internet Archive: the text as the paper put it online, not machine-read. The printed issue of February 2008 is not held.
by Barry Weisleder / Februeary 2008
On average, the best-paid 100 corporate executives make more than 218 times as much as a Canadian working full-time for a year at the average of weekly employment earnings.
According to a report by the Centre for Policy Alternatives, every nine hours and 33 minutes the top CEOs pocket the national average Canadian wage of $38,998 .
In 2006 the best-paid CEOs made an average of $8,528,304 .
The income gap is huge and growing between the rich and everyone else – especially the working poor who earn the minimum wage. By 1:04 p.m. on New Year's Day the top execs took home what it will take a minimum wage worker all of 2008 to earn. Every four hours and four minutes they will keep getting the annual income of a full time full year minimum wage worker.
Capitalist ideologues preach that the corporate elite are worth that much, and more. But are those at the bottom really worth so little? Leave it to the “free market” to decide—not!