Sunday, April 6, 2008
The National Truss Society for Relief of the Ruptured Poor.
In 19th Century England, where income disparity was only slightly less egregious than that of 21st Century Cheery Fascist Reagan-Bush-Bush-Cheney America, there were a host of hospitals and organizations with names like the one listed in the title above. (That was a real organization, by the way.)
Today's New York Times has a special report on CEO compensation. You can read the gory details here: http://www.nytimes.com/2008/04/06/business/06comp.html?hp
The rich are getting richer. The poor are getting poorer. 80,000 more lost their jobs last month, while the "Boardroom Buddy System" produces statistics like these: As reported in the New York Times, "According to the Congressional Research Service, average pay for chief executives stood at 179 times average worker pay in 2005, up from a multiple of 90 in 1994. Adjusted for inflation, average worker pay rose by a total of only 8 percent from 1995 to 2005; median pay for chief executives at the 350 largest companies rose 150 percent."
Posted by george tannenbaum at 10:45 AM