healthmyths
Platinum Member
- Sep 19, 2011
- 29,365
- 10,812
FACT!
Median CEO Pay Crosses $10 Million
It is rare to see such a misleading headline.
It is simply far from the truth, but news outlet after news outlet is running with the absurd claim.
According to the Census Bureau, at the end of 2103, there were 400,400 CEOs in the U.S. Of those, 92% earned less than $1 million, never mind $10 million.
Only 2%, according to the CB data, earned over $3 million.
77% earned less than $500,000.
So what is with the misleading headline?
It turns out that AP is only talking about companies in the S&P 500.
That is, it is not about overall pay, but the pay of CEOs at some of the largest companies in America.
EconomicPolicyJournal.com: The Bizarre Claim That the Average CEO Makes Over $10 Million
BUT IDIOTS LIKE you and others NEVER read beyond the headline or the 30 second!
Median CEO Pay Crosses $10 Million
It is rare to see such a misleading headline.
It is simply far from the truth, but news outlet after news outlet is running with the absurd claim.
According to the Census Bureau, at the end of 2103, there were 400,400 CEOs in the U.S. Of those, 92% earned less than $1 million, never mind $10 million.
Only 2%, according to the CB data, earned over $3 million.
77% earned less than $500,000.
So what is with the misleading headline?
It turns out that AP is only talking about companies in the S&P 500.
That is, it is not about overall pay, but the pay of CEOs at some of the largest companies in America.
EconomicPolicyJournal.com: The Bizarre Claim That the Average CEO Makes Over $10 Million
BUT IDIOTS LIKE you and others NEVER read beyond the headline or the 30 second!