Home | Business News | Browse by Publication | K | Knight-Ridder Tribune Business News

Massive disparity between worker, executive salaries reflected in study.

Publication: Knight-Ridder Tribune Business News
Publication Date: 13-MAR-05 		Format: Online - approximately 1135 words
Delivery: Immediate Online Access

Article Excerpt
Byline: David Wichner

Mar. 13--If you think your paycheck is a little thin, comparing it to the paycheck of your company's CEO may only make it seem more minuscule.

Median CEO pay among the 10 biggest publicly traded employers in Southern Arizona was $4.3 million in 2003 -- 161 times that of the median worker pay in Pima County, an analysis of the Star 200 survey of major employers and public salary data shows.

Such statistics stoke the debate over whether executive pay, which has risen an average 8 percent each of the past 10 years, is excessive even as Congress mulls raising the minimum wage for the first time in eight years, from $5.15.

"There's no question the rate of pay for CEOs has risen faster than any other occupation," said Graef Crystal, a columnist with Bloomberg News who has been following executive compensation since 1959. "It's way out of whack."

Among the top 10 Star 200 employers overall -- including government agencies -- the median pay of...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from Knight-Ridder Tribune Business News
Sinclair Broadcast settles dispute with Comcast over high-definition p..., March 17, 2005
Compuware cuts prices to compete., March 17, 2005
Anheuser-Busch wins a round over Budvar in WTO ruling on Budweiser., March 17, 2005
Senator, auditor criticize Army contract with Boeing., March 17, 2005
Ebbers conviction bolsters corporate prosecutions., March 17, 2005

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.