According to the Chicago Tribune, Mark Hurd of Hewlett-Packard got $23.2 million last year, 29 times what Carly Fiorina made in the same post just four years before. CEO compensation in the U.S. has tripled from 1990 to 2004. CEOs of eleven companies received $865 million over five years while presiding over a loss of $640 million in shareholder value.
There is also evidence that CEOs are lining their pockets through the glut of corporate mergers.
So why does this bug me so much? I guess as the Executive Director of Breakthrough, I feel the weight of the struggle to provide a living wage with decent benefits for all our employees all of the time. God provides and our staff are doing heroic work with very little.
Are these CEO's really worth that much money, that much more than people who assist the elderly to find housing, or teach kids to read?