Bosses’ Bonanza

Highlights from the eighth annual CEO compensation survey by the Institute for Policy Studies and United for a Fair Economy:

• Ratio of average CEO pay toaverage pay of U.S. blue-collarworker: 531:1

• Percent increase in CEO paybetween 1990 and 2000 (beforeadjusting for inflation): 571

• Number of profitable corporationsthat used special tax breaks andcredits between 1996 and 1998to reduce their corporate incometax to less than zero: 41

• Average percent pay raise for CEOsat those firms during the yearsthey received a tax rebate: 69

• Average total compensation of the30 highest-paid male executives:$112.9 million

• Average total compensation ofthe 30 highest-paid femaleexecutives: $8.7 million

— From Multinational Monitor(Oct. 2001)

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