…While pay for the typical CEO of a company in the Standard & Poor’s 500 stock index surged 9 percent last year to $10.46 million, it rose a scant 1.3 percent for U.S. workers as a whole. That CEO now earns 257 times the national average, up from a multiple of 181 in 2009, according to an analysis by The Associated Press and Equilar….
Here are five reasons why CEOs are enjoying lavish pay increases and five reasons many people are stuck with stagnant incomes.
WHY CEOs ARE GETTING HUGE RAISES:
1. They’re paid heavily in stock. ….
2. Peer pressure. ….
3. The superstar effect. ….
4. Friendly boards of directors. ….
5. Stricter scrutiny. ….
WHY MANY OF US AREN’T GETTING A RAISE:
1. Blame the robots. ….
2. High unemployment. ….
2. Globalization. ….
4. Weaker unions. ….
5. Low inflation. ….