Skip to: Content
Skip to: Site Navigation
Skip to: Search
TUESDAY, NOVEMBER 24, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


5

'08 Saw More Raises for CEOs: Survey

Share

(Newser) – More American CEOs than not received raises in 2008, Reuters reports. An AFL-CIO poll of 946 chief executives saw 480 with increased pay, while 463 took a cut. Salaries were up 7%, too; execs with raises earned an average of $5.4 million, while those who saw cuts took in an average of $3.9 million. The union hopes the results will spark a conversation on executive compensation.

Stefan Jacoby, president and CEO of Volkswagen of America.
Stefan Jacoby, president and CEO of Volkswagen of America.   (AP Photo)
Google CEO Eric Schmidt.
Google CEO Eric Schmidt.   (AP Photo)
Sun Microsystems CEO Jonathan Schwartz.
Sun Microsystems CEO Jonathan Schwartz.   (AP Photo)
Chairman & CEO of ExxonMobil Corporation Rex Tillerson.
Chairman & CEO of ExxonMobil Corporation Rex Tillerson.   (AP Photos)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.23.09
Books Are Bad for You
11.20.09
The Health-Care Wars Have Just Begun
5 comments
VIEWING:
 
SPH
Apr 14, 09 3:37 PM CDT
The rich get richer and the workers get laid off or fired.....And the corporation gets bailed out..... Reply
Vote up! Vote down!
0
IN RESPONSE:
Robert_Dada
Apr 14, 09 4:26 PM CDT
Hey, it takes real talent to fuck up the world economy.
Vote up! Vote down!
0
Snowleopard
Apr 14, 09 6:31 PM CDT
the system is broken Reply
Vote up! Vote down!
0
Snowleopard
Apr 14, 09 6:32 PM CDT
NEWSER: This new login system really sux by the way Reply
Vote up! Vote down!
0
radnip
Apr 17, 09 6:27 AM CDT
Yet some workers still get their homemade signs and go out to rant about socialism...when someone wants to give them financial help, healthcare, education, jobs, etc. by taking a small amount of money from the rich. Does anyone think the $4.5 million man can't live on $3.6 million/year? Does anyone actually think he'll pay the full tax rate of like 36%? When deductions, etc. are pretty much only for people with enough money to use them? Reply
Vote up! Vote down!
0
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

25 Stories

Annoyed by Feds, AIG CEO Threatens to Quit

Benmosche, just 3 months in, is 4th CEO in 18 months

Nov 11, 09 8:43 AM CST
(Newser) - Just 3 months after taking the job, AIG CEO Robert Benmosche is threatening to storm out in a huff. At a directors’ meeting last week the voluble Benmosche, formerly of MetLife, told colleagues he was “done” with trying to operate the 80% taxpayer-owned company under federal supervision, particularly with... More »

MORE ABOUT:
executive compensation • CEO • AIG • Treasury Department • restrictive oversight • Wall Street bailout • Kenneth Feinberg • Robert Benmosche • pay czar • Douglas Steenland

 Bailed-Out Banks 
 Boost CEO Perks 

From private jets to bodyguards, they just keep taking

Oct 20, 09 6:32 AM CDT
(Newser) - The CEOs of bailed-out banks and financial companies saw their perks and benefits—ranging from private jet use and country club membership to free parking and bodyguards—rise even at the height of the crisis last year. On average, the CEOs of the 29 biggest companies that received federal money... More »

MORE ABOUT:
executive compensation • CEO • bank • bailout • executives • financial crisis • perks

(Newser) - US bank CEOs are paid drastically more than their counterparts around the world. The CEO of Commercial Bank of China, the largest bank in the world, brings home just $234,700 a year—or roughly 2% of JP Morgan boss Jamie Dimon’s $19.6 million haul. The US has... More »

MORE ABOUT:
executive compensation • CEO • banking industry • Jamie Dimon

25 Stories


Business  •  US 
TwitterFollow @NewserBusiness on Twitter

 
executive compensation • CEO • recession • corporations • AFL CIO • corporate governance

from our news partners