Not the most revolutionary finding - The DJI, S&P500, and the Nasdaq have roughly the same curve when averaged. CEO pay is usually largely in options (see Steve Jobs), which follow the market value of the company. That means CEO pay on average follows the market, where worker pay is usually constant - of course the chart's going to look like that. It's hardly a political statement in either direction.
3 comments:
Not the most revolutionary finding - The DJI, S&P500, and the Nasdaq have roughly the same curve when averaged. CEO pay is usually largely in options (see Steve Jobs), which follow the market value of the company. That means CEO pay on average follows the market, where worker pay is usually constant - of course the chart's going to look like that. It's hardly a political statement in either direction.
Hi Captain,
As yours is one of my blogroll blogs (and as we are both devotees of 1940's music) I am tagging you:
http://thoughtyoudneverask.blogspot.com/2007/07/tag-im-it.html
just because I would like to read your response.
Best wishes,
Zabrina
Thought You'd Never Ask
Eric,
You are correct. Now explain that to the left.
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