Tuesday, April 19, 2011

PayWatch shows that CEOs made an average of $11.4 million

As part of PayWatch, we are encouraging activists to tell their members of Congress not to weaken Wall Street reform (the Dodd-Frank bill). Click here to take action and spread the word.

We have a fun Facebook app as well, where you can compare salaries of nurses, secretaries and others with specific CEOs and share the results with your friends on Facebook. Click here to share on Facebook.

You also can display the PayWatch Facebook app on your website and connect to the PayWatch site from your website with a banner icon, all available here.

The new PayWatch site also enables you to:

· Read case studies of six CEOs and find out how many firefighters, nurses and other workers it takes to make the salary of one CEO.

· Check out case studies of CEOs at Occidental Petroleum, Reynolds American, Hewlett-Packard, PulteGroup, Rite Aid and Abercrombie & Fitch.

· Search the database by company name, industry, state or the 100 highest-paid CEOs.

PayWatch shows that CEOs made an average of $11.4 million in 2010—a 23 percent salary increase. Yet CEOs have done little to create badly needed jobs, instead sitting on a record $1.93 trillion in cash on their balance sheets. So while a secretary makes a median annual salary of $29,980, someone like Wells Fargo CEO John Stumpf rakes in $18,973,722— more than 632 times the secretary’s salary.

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