Compensation received by chief executives of the biggest US companies surged 11 percent over the past 12 months -- to $9.3 million on average, The Wall Street Journal reported.On this chilly Monday morning..it really made my friggin day. Especially considering that once again the Federal Government is refusing to provide the elderly and disabled with a COLA (cost of living adjustment) for the third straight year. To be fair, the top three spots were taken by media exec's. At least it's not the jackholes that got taxpayer funded bailouts at the very top. But I will wager that a lot of them are on the friggin list. RS didn't link to the WSJ article, but I am going to look it up and post it here later. The back is really fucked up lately and that bothers me as it's been two months since the surgery and shouldn't it be getting better at this point?
Citing a study conducted for the newspaper by management consultancy Hay Group, The Journal said the increase was largely due to decisions by company boards to reward CEOs for strong profit and share-price growth with bigger bonuses and stock grants.
The survey covered the 350 biggest companies that filed their statement between May 1, 2010, and April 30, 2011.
Thats a rhetorical question btw..
Update: Here is the original WSJ article. Here is how the Hay Group conducts the study for the WSJ. A few interesting graphics from the original WSJ article, showing various industries and those lovely fucks in the healthcare industry (click for larger):