Fat Cats Get Fatter, 2011 CEO Pay Rose 6% To Average $9,600,000. Here’s How Many Poor Families That Paycheck Can “Sponsor”
The new AP/Equilar CEO salary report is out! So, how many poverty stricken families living at the official US Health & Human Services poverty guideline income level can the average CEO salary of 9.6 million dollars afford. How many poor families of eight could Simon Property’s CEO David Simon’s 132 million dollar paycheck sponsor? Let’s find out with my surely soon-to-be-renowned
Today’s reports of the Associated Press/Equilar annual study of executive pay revealed the average compensation of a CEO at a publicly-traded company increased six percent from 2011 to $9,600,000. This is also the highest average CEO pay in the six years Equilar has conducted its study. Obviously, CEOs have recovered from tough the times since the Decession, and are riding the recovery back to a livable wage. (Here’s a summary of the 2009 and 2010 report)
And this despite a growing shareholders revolt over CEO pay scales. In fact, the highest paid CEO in the 2011 Equilar survey, David Simon CEO Simon Property, earned $132,000,000 (estimated after-tax income = $132,000,000). Last year, however, he watched as 73% of Simon Property’s less well-heeled shareholders rejected his compensation package in a vote not binding on the company’s board.
In any event, CEOs, allow me to me quote Scarface,
“OK. You wanna play rough? OK. I’ll play with you. OK. Say hello to my little friend . . .”
He’s right below. It’s my little friend, er, invention, the Fat Cat Quotient, introduced here in January 2012, and trotted out twice more, once in February and once in March, each time deployed to examine Mitt Romney. Below, however, I’m using the FCQ to have a look at the 2011 average CEO compensation, $9.6 million, and David Simon’s 2011 $132 million compensation deal.
Then, once you reach the new URL,
just click on the image again for a much larger version.)
