1. CEOs Get $800,000 Pay Raise, Leaving Workers Further Behind - News - Savannah Morning News - Savannah, GA

    CEOs Get $800,000 Pay Raise, Leaving Workers Further Behind - News - Savannah Morning News - Savannah, GA

    The Associated Press. NEW YORK — Did you get a 7 percent raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got. But for chief executives, that 7 percent was roughly $800,000...

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    1. And there's a natural sense that if the board believes and supports their CEO, they don't expect their CEO to be paid less than the others in the industry.
    2. There's a belief that if we underpay our CEO, they can go work in private equity. They can go work for a competitor. They will find places to go.
    3. For the kind of numbers we're seeing on the unemployment rate, or the length of the recovery, all those numbers would tell us that we're in an incredibly good economy. But it's not as rosy as those statistics suggest.
    4. I have the impression that here in the U.S., the culture is still — maybe rightly so — that if your CEO is successful, you are entitled to make basically as much money as you want.
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