Breaking down Ellison’s pay on the assumption of a 40-hour workweek means that the CEO makes more in an hour ($37,692.31) than a typical worker is likely to in a year—paying the much lower capital gains tax rate on almost all of it…”
By Julien Kiemle, wsws.org
22 April 2014
Earlier this month, the data firm Equilar published its list of the highest paid CEOs for 2013. The report paints a picture of vast inequality, with extraordinary sums being paid to a tiny layer of the population. Pay for the top-earning 100 CEOs in the US increased by 9 percent last year, to $13.9 million a piece.