CEO Pay Down in 2015, But Still Higher Than Its Bubble Heights

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Sad news today from the Wall Street Journal. Among CEOs of big companies, stock-based pay was up 7 percent last year and cash pay was up 2 percent. But thanks to slower growth of CEO pensions, overall compensation was down 4 percent.

But perhaps CEOs will be mollified by the broader picture, which you can see in the chart on the right. CEO pay is up about 44 percent since 2007 in nominal terms, and up about 38 percent when you account for inflation. For ordinary workers, pay has decreased 5 percent since 2007 when you account for inflation.

For anyone wondering why Bernie Sanders has struck such a chord with the electorate, this pretty much tells the story. The Great Recession sure didn’t affect everyone equally, did it? Ordinary schlubs paid a high price, but the folks with the most lavish pay to begin with just shrugged it off like it never happened. If the rich wonder why calls to tax high incomes at 90 percent sound pretty good to a lot of people, this should clue them in.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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