The Explosive Growth in CEO pay

08/28/01

Chris Hartman, the research director at the group UNITED FOR A FAIR ECONOMY discussed the group's new study in which CEO's of corporations that were laying off workers, were being given pay and bonus raises of about 20% in 2000 while salaried and hourly workers on average were getting 3-4% raises. Hartman says this income inequality is excessive, especially in light of the failure of these CEO's to make their businesses profitable.

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