Friday, December 30, 2011

Bank CEOs Make Big Money 2011

Shouldn't there be a relationship between stock performance and CEO pay? Not in today's corporate environment. The DOW went up .3 percent in 2011. And the wages of American workers didn't do any better. So how is it that those responsible see their personal gain skyrocketing:

Here’s a tough pill to swallow for big bank investors: Your stock was slammed in 2011 but the CEO running the company is making out just fine.

According to data from bank analyst Dick Bove bank CEOs are out-earning their employees and shareholders even as shares of their respective companies dropped this year.

Bove found that while earnings per share increased about 13% at the 23 financial institutions he follows stock prices dropped more than 30%, and CEO salary was more than 65 times than the average employee salary.
Full article

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