From USA Today:
To say the pay gap between Wall Street’s top titans and average Americans is widening would be an understatement. One statistic sums up why: Last year, the top 20 hedge-fund and private-equity-fund managers earned more in 10 minutes than U.S. workers made the entire year, according to a report released Wednesday by two research groups. Those top fund managers pocketed an average $657.5 million in 2006, or 22,255 times the $29,544 average annual pay of U.S. workers, said the study issued by the Institute for Policy Studies (IPS) and United for a Fair Economy. That dwarfs the discrepancy between CEOs and workers: Corporate chieftains, on average, earn about 365 times the pay of U.S. workers. (more…)
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6 comments:
Well, the wide gap between salaries should encourage more people to be hedge-fund and private equity-fund managers. That will increase competition for the jobs, and (eventually) bring their salaries down. But you liberals will just find another industry to demagogue - big oil, big pharma, big military contractors, you won't be satisfied until all the people doing all the work share the all the money with all you lazy asses. Typical.
Good job Fungster, I thought that billo was real for a minute there
Hey Billo: GFY. And while you're at it, use a falafel.
Why do you hate America? Huh? Why Smiff?!
I love America.
I HATE YOU.
Falafel? Is that one of those things Geraldo would wear?
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