Monday, June 25, 2012

Bank CEO Pay Grew By 12 Percent Last Year, While Worker Wages Near All-Time Lows

Bank CEO Pay Grew By 12 Percent Last Year, While Worker Wages Near All-Time Lows: According to an analysis by the pay research group Equilar, compensation for top bank CEOs grew by nearly 12 percent last year. The Financial Times noted that these increases occurred “despite widespread falls in profits and share prices“: Top US and European bankers, including JPMorgan Chase’s Jamie Dimon and Citigroup’s Vikram Pandit, have enjoyed double-digit [...]/p