The Rich Get Richer: CEO Bonuses Skyrocket; Worker Pay Flat

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It’s looking like top corporate executives raked in the cash in 2010:

CEO bonuses at 50 major corporations jumped a median of 30.5%, the bigest gain in at least three years, according to a study of the first batch of corporate pay disclosures by consulting firm Hay Group for The Wall Street Journal.

To a large degree, the gains reflect the value of generous CEO stock options, which surged in concert with last year’s bull market.  It might seem only fair to incentivize executives to boost their companies’ share prices—until you consider how few of these gains have trickled down to the average American worker.

In 2010, median non-farm worker compensation increased by a mere 2.0 percent. With the exception of 2009, when compensation rose just 1.4 percent, that’s the slowest rate of increase in decades

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Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

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Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

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