Saturday, October 22, 2011

Quote of the Day: How Much $ Is Too Much $$$$$?

A friend sent me this telling example of pay disparity today:

"Viacom employs 10,900 people (2010), with a median income of $33,840, while the CEO Philippe P. Dauman’s compensation package was $84,515,308 ... the median hourly wage at Viacom in 2010 was $17.27, but Dauman received $40,632.36 per hour (more in an hour than the median worker got in a year.)
"In contrast, the Mondragon Cooperative Corporation has 83,000 employees and the top paid executive receives merely eight times what the lowest paid worker receives; not the median pay, the lowest." 

(Graphic: http://community.mis.temple.edu)

--Steve Kube, Healing Energy Arts (stevekube.com)

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