The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Executive pay cut:
The crocodiles pull out their Kleenex

May 13, 2002

Business Week published its listing of executive pay for the 350 largest corporations in the U.S. last month. These chief execs didn’t find 2001 as good for their pocketbooks as 2000 was. Their salaries, bonuses and long-term compensation consisting of stocks and stock options fell so that their average was only ... nine million dollars!

An average worker’s pay is about $30,000 per year. These “suffering” bosses still make three hundred times what we make! So don’t come crying on our shoulders.