How did CEO pay get to 500 times the wages of ordinary workers?

Thu, 3 Oct 2019 05:39:56 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.abc.net.au/news/2019-09-28/how-did-ceo-pay-get-to-500-times-the-wages-of-ordinary-workers/11556394>

"Companies keep lavishing astronomical amounts of money on chief
executives, despite repeated studies which show huge pay doesn't equal
huge performance.

One of those studies, by Morgan Stanley Capital International, looked at
hundreds of the biggest companies in the United States over more than a
decade.

It found those with the lowest-paid bosses outperformed those with the
highest pay by around 40 per cent.

Which raises the question: how did we get to this salary situation which
is so out of touch with the real world?"

Cheers,
        *** Xanni ***
--
mailto:xanni@xanadu.net                   Andrew Pam
http://www.xanadu.com.au/                 Chief Scientist, Xanadu
http://www.glasswings.com.au/             Partner, Glass Wings
http://www.sericyb.com.au/                Manager, Serious Cybernetics

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