06 February 2009
I found this in today's NYTimes, in the online feature called Economix
"Readers may also wonder why, in the United States, the ratio of total executive compensation (including bonuses and deferred compensation, pensions and perks) to the comparable figure earned by non-management employees rose from 50 in 1980 (even lower than the 1940 figure quoted yestersday), to 301 by 2003 for the 300 to 400 largest corporations (and to 500 in very large corporations) (far beyond the 170 I noted as the upper limit yesterday), while that ratio typically has remained so much lower in Europe and in Asia. Are corporate executives in Europe and Asia so vastly inferior to their American counterparts, or is the supply of potential C.E.O.’s so much larger there as to drive down the ratio in, say, Japan, to as low a 3?"
Makes one think...