Posted by Dave Lorenzo - Business Coach

I am a firm believer in the philosophy that you don’t get rich working for somebody else. That’s true unless you are the boss. Career Journal  provides us these staggering statistics:

• Chief executives of U.S. corporations earned 262 times the pay of the average worker in 2005, the second-highest level in the 40 years the data’s been kept.
• Last year, the average CEO was paid $10.9 million a year, or 262 times an average worker’s earnings of $41,861, according to the Economic Policy Institute.
• The research group also found a CEO earned more in one workday in 2005 than an average worker earned in 52 weeks.

I like to think of myself as the ultimate capitalist.  I believe that people have a right to earn whatever the market will pay them – based upon the value they create.

Here is my question, based on the data above:  Is the average CEO really creating 262 times more value than everyone else?

Check your investment portfolio and get back to me. 

Filed under: Executive Suite
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