AP IMPACT: CEO pay exceeds pre-recession level

CEO's are now making more then they where in 2007, the year before the Great Recession hit. Unemployment however is still double what it was back then. And that is not including those Working Class Americans who took actual paycuts or found lesser work to keep feeding and housing their families while the richest of the rich climbed their way back comfortably, right back into their fatcat seats.

Stories like this can just make you sick with rage. Remember things like this when we hear talk about how 'raising taxes on the rich will only hurt the economy.' After all the misguided harm these bastards have done, they are making more, and not paying one red cent more in taxes, while the rest of the Country SUFFERS for their mistakes.



By RACHEL BECK, AP Business Writer Rachel Beck, Ap Business Writer – Fri May 6, 8:36 am ET
NEW YORK – In the boardroom, it's as if the Great Recession never happened.

CEOs at the nation's largest companies were paid better last year than they were in 2007, when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today.

The typical pay package for the head of a company in the Standard & Poor's 500 was $9 million in 2010, according to an analysis by The Associated Press using data provided by Equilar, an executive compensation research firm. That was 24 percent higher than a year earlier, reversing two years of declines.

Executives were showered with more pay of all types — salaries, bonuses, stock, options and perks. The biggest gains came in cash bonuses: Two-thirds of executives got a bigger one than they had in 2009, some more than three times as big.

CEOs were rewarded because corporate profits soared in 2010 as the economy gradually got stronger and companies continued to cut costs. Profit for the companies in the AP analysis rose 41 percent last year.

More Details and Breakdown are available here: http://news.yahoo.com/s/ap/us_ceo_pay

Our Country faces record deficits and huge questions about its future ability to provide a comfortable, middle class life style to its working peoples. When are some of these Tea Party folk going to get around to realizing that Government is not the only problem in town, and that these pigs on Wall Street are just as liable for the unenviable situation the vox populi find themselves in?

How has the outrage that has been centered on Barrack Obama's plan to contain healthcare costs and provide better coverage options to all Americans overshadowed the overwhelming question of what are we going to do about the out of control excesses of the Corporate Classes? Where are people in the streets protesting such a blatant economic injustice?