UK/Canadian CEOs wages equal to workers annual pay

[chiquita]

Crime may not pay, but being an executive in Canada certainly appears to.

By the time the average Canadian pulls it together and drags their hungover body to work on January 2nd, the country's highest-paid CEOs will have already earned more for the year than their annual salary.

The same goes for minimum-wage workers, except the people upstairs will have their annual $15,931 by the time the former gets out of bed.

According to a study released Tuesday by the Canadian Centre for Policy Alternatives, the 100 highest-paid private-sector executives will have pocketed $38,010 by 9:46 a.m. Tuesday.

Full article:
http://www.citynews.ca/news/news_6583.aspx

UK CEO Earnings Raised In The Last Decade

Incomes Data Services, an independent research organisation providing information and analysis on pay, conditions, pensions, employment law and personnel policy and practice, advises that chief executives earned on average 98 times more than the average for all UK full-time workers.

The interesting part is that ten years ago the pay differential was 39 times that of the average worker.

Full article:
http://www.webpronews.com/expertarticles...ecade.html

[regic]

that chief executives earned on average 98 times more than the average for all UK full-time workers.

The CEO-to-worker pay disparity in the US is much worse.

In 2005, the average CEO in the United States earned 262 times the pay of the average worker...

...In 1965, U.S. CEOs in major companies earned 24 times more than an average worker; this ratio grew to 35 in 1978 and to 71 in 1989. The ratio surged in the 1990s  and hit 300 at the end of the recovery in 2000. The fall in the stock market reduced CEO stock-related pay (e.g., options) causing CEO pay to moderate to 143 times that of an average worker in 2002. Since then, however, CEO pay has exploded and by 2005 the average CEO was paid $10,982,000 a year, or 262 times that of an average worker ($41,861)....

http://www.epi.org/content.cfm/webfeatur...s_20060621

US CEO vs. US Minimum Wage

In 2005, an average Chief Executive Officer (CEO) was paid 821 times as much as a minimum wage earner, who earns just $5.15 per hour...

The ratio wasn't always so extreme. As recently as 1978, CEOs were paid only 78 times as much as minimum wage earners....

http://www.epinet.org/content.cfm/webfea...s_20060627