The Spark

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

Big Bucks, but Not Much Service

May 26, 2014

The 2013 average salary for a CEO of a health insurance firm was $584,000. For a hospital CEO, the average was $386,000. In 2012, the head of Aetna got a salary of $977,000 – and a few stock options worth 36 million dollars!

By 2012, the average pay for the presidents at the 25 largest public universities in the U.S. was $974,000. Ohio State and the University of Michigan each paid their top executive more than five million dollars.

If their salaries sound like the chief executives of the major corporations, it’s because these public services have been turned into profit-making entities.