CEO Pay Still Outrageous

Anderson, Sarah
October 2009
Progressive Populist;10/1/2009, Vol. 15 Issue 17, p20
The article focuses on the exceeding compensation of taxpayer-reliant financial industry chief executive officers (CEO). It mentions that 20 financial chief executive officers (CEO) whose firms had the most bailout money got an average pay packages that is worth 34 times the U.S. President's annual salary of 400,000 dollars. Moreover, the Senate passed a bill which includes a 400,000 dollars cap on the employees' compensation in bailed-out firms but it did make it to the final legislation.


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