Tag Archives: Standard & Poor’s 500

Clueless CEOs bad for business

Some top executives just don’t have a clue about the real world, the world where their customers and employees struggle to cope with the rising cost of food, fuel and other necessities.

A new report by the Associated Press shows that CEOs at many of the largest companies in PAULSON+MONEY.jpgthe U.S. were paid better last year than they were in 2007 — “when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today.”

AP’s study found that the typical pay for the top exec at a Standard & Poor’s 500 company was $9 million last year, up 24 percent from 2009.

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