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Fine print: The compensation of CEOs at the largest 350 (publicly traded?) companies is 940% higher than the compensation of CEOs at the largest 350 companies 4
by cperciva 7y ago
Fine print: The compensation of CEOs at the largest 350 (publicly traded?) companies is 940% higher than the compensation of CEOs at the largest 350 companies 40 years ago.
Guess what? The largest 350 companies are much bigger than the largest 350 companies were 40 years ago. This is an apples-to-oranges comparison.
- xster 7y agoIf only the workers at those 'much bigger' 350 companies would also have a compensation increase...
- twoodfin 7y agoTo emphasize your point, the first $1M/year sports contract in the U.S. was in 1978 for an MLB player[1]. That's about $4M after inflation, for the highest contract in the nation. Today, the top end of MLB contracts are around $30M/year[2], NFL top end contracts are at similar values. That's right around the same growth. [1] https://www.firmex.com/thedealroom/when-did-athletes-start-getting-rich/ https://www.firmex.com/thedealroom/when-did-athletes-start-g... [2] https://www.mlb.com/news/largest-contracts-in-mlb-history-c300060780 https://www.mlb.com/news/largest-contracts-in-mlb-history-c3...