Author Topic: The Great CEO-Worker ‘Pay Gap’ Is Nothing But A Union-Built Myth  (Read 623 times)

0 Members and 1 Guest are viewing this topic.

Offline ABX

  • Hero Member
  • *****
  • Posts: 900
  • Words full of sound and fury, signifying nothing.
Quote
n an annual ritual that takes place every May, the AFL-CIO releases its “Executive Paywatch” report to publicize what it considers to be the excessive compensation of the CEOs of America’s biggest multinational firms.

The nation’s largest labor federation reports this year that the typical CEO running an S & P 500 firm received total compensation of $12.4 million in 2015 while the average rank-and-file worker was paid just $36,875 — a pay gap of 335-to-1.

But the AFL-CIO can only get such an inflated pay ratio by applying a series of statistical sleights of hand that result in an invalid apples-to-oranges comparison of the total compensation for CEOs to the cash wages of mostly part-time workers....

http://www.investors.com/politics/commentary/the-great-ceo-pay-gap-is-nothing-but-a-union-built-myth/