Thursday, December 15, 2011

Rich get richer: Executive bonuses back up in 2011

Is it any wonder why Occupy Wall Street took off earlier this year when it appears once again the top executives for US corporations will be receiving higher, and even record bonuses?

Chief executive pay has roared back after two years of stagnation and decline. America's top bosses enjoyed pay hikes of between 27 and 40% last year, according to the largest survey of US CEO pay. The dramatic bounceback comes as the latest government figures show wages for the majority of Americans are failing to keep up with inflation.
America's highest paid executive took home more than $145.2m, and as stock prices recovered across the board, the median value of bosses' profits on stock options rose 70% in 2010, from $950,400 to $1.3m. The news comes against the backdrop of an Occupy Wall Street movement that has focused Washington's attention on the pay packages of America's highest paid. – Gaurdian UK

With new census reports showing 1 in 2 Americans are considered poor, or in poverty, the rise of protest and rebellion agains the elite will only increase and perhaps lead to more violence in what is shaping up to be a tumultuous 2012 forecast.


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