Thursday, July 29, 2004

The First Shall Become...

It's amazing what happens when you have policies that favor the rich....  They get richer even while the rest of us struggle!  According to a survey released by research firm Corporate Library, C.E.O. salaries rose by 15% in 2003.  Among top executives at larger companies (those that are listed on the Standard Poor's 500-stock index) compensation rose by a median of 22.2%.  C.E.O.'s in the telecommunications and securities commodities sectors now earn a median of $8 million per year.  Barry Diller, chief executive of InterActiveCorp, had the highest salary in 2003.  He received $156 million.

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