Derek Thomspn, The Atlantic
Submitted by: Editor
Justifying the CEO-Worker Pay Gap
[Atlantic] Why are executives paid so much more than the average employee?
- Accelerated stock returns
- Bull markets make CEOs fabulously wealthy, and they make shareholders indifferent to their fabulous wealth.
[Atlantic] Ron Johnson, the disgraced outgoing CEO of JC Penney, made an astonishing 1,795-times the average wage and benefits of his department store workers, according to a new survey from Bloomberg. That makes JC Penney the single most unequal company in the U.S., by CEO-worker pay ratio.