20

Connect the Dots or, The Buck Stopped Where?

   In 2007, the CEO of a Standard & Poor’s 500 company received, on average, $14.2 million in total compensation, according to preliminary numbers from The Corporate Library, a corporate governance research firm. The median compensation package received was $8.8 million.[1]

   A reasonable and fair compensation system for executives and workers is fundamental to the creation of long-term corporate value. However, compensation for top executives has grown at an unprecedented rate in the past two decades resulting in a dramatic increase in the ratio between the compensation of executives and rank-and-file employees.

   Because of stagnant wages and the resulting increase in income inequality, the share of the nation’s income flowing to the top 1 percent rose to 22.9 in 2006 from 16.9 percent in 2002, a level not seen since 1928, at the peak of the stock market bubble.[2] Corporate chief executives are among those at the very top. CEOs of large U.S. companies averaged $10.8 million in total compensation in 2006, more than 364 times the pay of the average U.S. worker, according to the latest survey by the United for a Fair Economy.

http://www.aflcio.org/corporatewatch/paywatch/ceou/database.cfm

A-Oil Companies

Rising prices and profits translated into pay packages for oil company CEOs that are nearly three times the size of similarly sized businesses. CEOs of the largest 15 oil companies averaged $32.7 million in compensation, compared with $11.6 million for all large U.S. firms.

Chevron-In 2006, David J. O'Reilly raked in $31,602,889 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $19,802,908 in total 2006 compensation.

Exxon mobile-In 2006, Rex W. Tillerson raked in $13,009,495 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $22,440,807 in total 2006 compensation.

Exxon-In 2006, Rex W. Tillerson raked in $13,009,495 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $22,440,807 in total 2006 compensation

B-Health Insurance

Aetna In 2006, Ronald A. Williams raked in $19,802,476 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $32,158,245 in total 2006 compensation.

Allstate-In 2006, Edward M. Liddy raked in $23,983,783 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $22,557,146 in total 2006 compensation.

Humana Inc.- In 2007, Michael B. McCallister raked in $10,312,557 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $10,874,383 in total 2007 compensation.

Aflac-In 2007, Daniel P. Amos raked in $14,834,713 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $14,026,203 in total 2007 compensation.

C-Pharmacueticals

Johnson+Johnson- 2007, William C. Weldon raked in $31,916,566 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $29,679,870 in total 2007 compensation.

Colgate-Palmolive-In 2006, Reuben Mark raked in $23,263,350 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $19,413,234 in total 2006 compensation.

Pfizer-In 2007, Jeffrey B. Kindler raked in $9,513,440 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $13,075,099 in total 2007 compensation.

Bristol Myers-In 2006, Peter R. Dolan raked in $9,797,979 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $13,298,499 in total 2006 compensation.

D)-Banking

Bank of America-In 2007, Kenneth D. Lewis raked in $24,844,040 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $23,646,455 in total 2007 compensation.

Citicorp-In 2007, Charles O. Prince raked in $15,105,376 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $25,520,621 in total 2007 compensation.

E-Telecoms

AT&T-In 2007, Randall L. Stephenson raked in $21,981,984 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $25,031,279 in total 2007 compensation

Time Warner-In 2006, Richard D. Parsons raked in $22,479,353 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $18,527,620 in total 2006 compensation.

News Corporation-(FOX)-In 2007, Keith Rupert Murdoch raked in $32,135,675 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $31,123,175 in total 2007 compensation.

F-Misc?,Extraneous?, Outrageous?

Halliburton- In 2006, David J. Lesar raked in $15,295,787 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $16,466,987 in total 2006 compensation.
Halliburton, Inc. : President and Chief Executive Officer, October 1995-July 2000
Cheney's 2000 income from Halliburton: $36,086,635 Cheney made $36 million at Halliburton in 2000 alone. Source
Increase in government contracts while Cheney led Halliburton: 91%
Minimum size of "accounting irregularity" that occurred while Cheney was CEO: $100,000,000 (One hundred MILLION dollars)
Number of the seven official US "State Sponsors of Terror" that Halliburton contracted with: 2 out of 7
Pages of Energy Plan documents Cheney refused to give congressional investigators: 13,500
Amount energy companies gave the Bush/Cheney presidential campaign: $1,800,000
http://www.moveon.org
http://www4.dr-rath-foundation.org
http://www.halliburtonwatch.org/

Lockheed-Martin-In 2007, Robert J. Stevens raked in $30,939,233 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $25,962,696 in total 2007 compensation.

General Dynamics-In 2007, Nicholas D. Chabraja raked in $18,554,668 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $18,484,341 in total 2007 compensation.

1)- High Cost of Housing

2)- Profiteers?

3)- How much was that phone bill?

4)-High Cost of Health Care

5)- High Energy Costs

6)-Did I mention High Cost of Health Care?

 

( the above salaries do not include perks and bonuses. see ya next time.)