Much is made of the gap between CEO and worker remuneration yet there is also a worrying pay disparity between one CEO and another
Large sectors of the US public are screaming about rising chief executive officer-to-worker pay ratios that are brushing up against the 500-to-1 mark, if they aren't already above it. But almost no one has noticed another rising pay-ratio series, that of one CEO to another. What could possibly explain the pay gap as wide as the one between Berkshire Hathaway's Warren Buffett, who earned an average of $350,000 a year over a three-year period, and Citigroup Inc's Sandy Weill, with $127.5m a year, or 364 times as much during the same time? The short answer is: hardly anything. That's the p...
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