I'll first give three numbers: 5 million, 10 million and 1.5 million.What do they refer to?
- Obama was reelected by a net margin win of 5 million votes.
- For the Senate in 2012, Democrats received 10 million more votes than Republicans.
- For the House in 2012, Democrats received 1.5 million more votes than Republicans.
In 1965, C.E.O.s at big companies earned, on average, about twenty times as much as their typical employee. These days, C.E.O.s earn about two hundred and seventy times as much.Incredible. In less than 50 years, CEO pay has ballooned by more than 13 times the compensation of the typical employee. The ratio in 1965 would have a CEO today making $800K assuming a typical employee earned $40K. However, the actual ratio for today has that CEO earning close to $11 million, well above the already bloated $800K figure. Certainly this business model can't last. It's Rome all over again.