The Spark

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

CEOs “sacrifice” in a time of war

Oct 8, 2007

A recent study shows how remarkably fast CEO pay at the top defense contractors increased since the September 11, 2001 terror attacks.

Close to the top of the list were the CEOs at Boeing. Their pay increased from three million to four million dollars per year in 2002 and 2003, up to 28 million and sixteen million dollars in 2005 and 2006. In other words, their pay multiplied by close to 10 times.

War and death on a mass scale sure pays off big for the boys at the very top.