A CEO is worth 62 presidents

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.


Sure, corporate profits and stock prices boomed in the 90s, but the real growth story was in CEO salaries. Your average corporate exec’s paycheck swelled by 535 percent in the last 10 years — more than four times the growth rate of profits of the companies they run, according to a new study from UNITED FOR A FAIR ECONOMY.

Recent Must Reads

8/31 – Gee, your lawn smells terrific

8/30 – Catch a speeding Gore

8/29 – Lone Star lockdown

8/26 – Black rhinos buy the farm That unhappy portion of the citizenry that doesn’t hold keys to executive washrooms, of course, made out considerably worse. The average workers’ pay rose only 32 percent in the 90s. If salaries for normal folks had risen at the same rate as those of CEOs, production workers would be pulling in $114,035 a year, and the minimum wage would be $24.13 an hour. But at least ordinary-wage slaves aren’t the only ones being left in the dust: CEOs today also make 62 times the salary of the President of the United States.

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate