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USA Today, working with data from Governance Metrics International, reports that last year, chief executive compensation soared by 27%, while average workers in private industry had income gains of just 2.1% -- which is about even with inflation. Median chief executive pay was $9 million last year, the highest since 2007. The median CEO bonus was $2 million. (Other studies show that CEOs of Standard & Poor's 500 companies enjoy average pay of $13 million to $14 million.) It is no surprise that Business Roundtable, which surveys 142 CEOs, finds that the economic outlook index is at its highest point since the survey began in 2002. But in March, the consumer confidence reading of the Conference Board plunged to 63.4 from a revised 72 in February. A score of 90 indicates a healthy economy. Consumer polls by Gallup and Reuters/University of Michigan also indicate the consumer mood is grim and getting grimmer.

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Comments

SurfPuppy619 April 4, 2011 @ 1:20 p.m.

More proof we are a Banana Republic.....

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Don Bauder April 4, 2011 @ 8:41 p.m.

While employment stats appear to be improving, average or median incomes are not. And they have been stagnant for years. Average hourly earnings have been flat in four of the last five months. Best, Don Bauder

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dmlocal April 6, 2011 @ 6:28 p.m.

We have a banana in charge--just love the fact that while I'm paying four bucks a gallon for gas, our president is galavanting to brazil to help fire up oil wells in the gulf--all while taking his sweet crude time issuing permits to drill on our own behalf. I'll be shocked if we ever get to have our own oil production in the US again. Ok, now I've started a rant. If ALL we did was FIX the traffic lights, we'd eliminate global warming, we'd get to work on time, and not see nearly the road rage that we have now. Stop signs? Give me a break--90% entirely UNNECESSARY! If just those TWO things were to change, I'd make up for the 30% reduction in my wages, not to mention the increase in how much everything else is costing. deep breath

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Don Bauder April 6, 2011 @ 8:31 p.m.

If all stop signs were eliminated, the auto repair shops would love you. I am trying to figure out how fixing traffic lights would eliminate global warming. You have to help me on that one. Best, Don Bauder

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