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Article #4003The Decline of America: Decline of American Labor Movement (II)
From: misc.activism.progressive co-mod...
Date: Wed, 21 Oct 1992 03:59
Date: Wed, 21 Oct 1992 03:59
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5362 bytes
The Decline of America: Decline of American Labor Movement (II)
Sorted from Most to Least Equitable CEO-to-worker ratio
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Average remuneration of chief executive officers (CEOs), and
CEO remuneration as a multiple of average manufacturing
employee remuneration, 1991:(49)
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CEO SALARIES RATIO: CEO
COUNTRY (U.S. DOLLARS) TO WORKER
============================================
Ireland 156,500 8
Germany 364,500 10
Netherlands 297,900 10
Sweden 335,600 10
Japan 371,800 11
Switzerland 424,100 11
Canada 407,600 12
Belgium 397,300 13
Australia 271,300 14
Italy 421,300 14
Spain 380,600 15
France 448,500 16
United Kingdom 399,600 16
United States $747.500 25
Source: Worldwide Total Remuneration 1991 (Valhalla N.Y.: Towers Perrin,
1991), pp. 12, 22.
Sorted by magnitude of how much CEOs "earn"
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Average remuneration of chief executive officers (CEOs), and
CEO remuneration as a multiple of average manufacturing
employee remuneration, 1991:(49)
*******************************************************
CEO SALARIES RATIO: CEO
COUNTRY (U.S. DOLLARS) TO WORKER
United States $747.500 25
France 448,500 16
Switzerland 424,100 11
Italy 421,300 14
Canada 407,600 12
United Kingdom 399,600 16
Belgium 397,300 13
Spain 380,600 15
Japan 371,800 11
Germany 364,500 10
Sweden 335,600 10
Netherlands 297,900 10
Australia 271,300 14
Ireland 156,500 8
Source: Worldwide Total Remuneration 1991 (Valhalla N.Y.: Towers Perrin,
1991), pp. 12, 22.
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SALARIES AND VACATIONS
- We're Number One in executive salaries.
- We're Number One in inequality of pay.
[...]
Salary differences are even more stark among chief executives at the
top thirty companies in respective nations: Americans make $3.2
million on average, compared to S1.1 million in the United Kingdom,
$800,000 in France and Germany, and $500,000 in Japan. While high
executive salaries were once the pride of corporate America, the
top-heavy pay structure is drawing criticism from many in the
industry. "It's typical of what's wrong with American management,"
says one executive, "and why the U.S. is not more competitive
economically."(48)
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From page 101 of:
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_We're Number One, Where America Stands -- and Falls -- in the New
World Order_ by Andrew L Shapiro.
New York, May 1992, Vintage Books, a division of Random House.
$10 paperback. ISBN 0-679-73893-2
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"America is becoming a land of private greed and public squalor.
This book is an indispensable road map through the wreckage. The
facts it reveals will startle you. They may depress you. But
ideally they'll fire you up to help rebuild this nation."
-Robert B. Reich, author of The Work of Nations
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 1094cd,373862bf5e559a23,start X-Google-Attributes: gid1094cd,public X-Google-Thread: 108e18,373862bf5e559a23,start X-Google-Attributes: gid108e18,public X-Google-Thread: f7bbd,373862bf5e559a23,start X-Google-Attributes: gidf7bbd,public X-Google-Thread: ffe14,373862bf5e559a23,start X-Google-Attributes: gidffe14,public X-Google-ArrivalTime: 1992-10-20 14:21:18 PST Path: arc1-ca.pugleaf.net!sparky!uunet!dtix!darwin.sura.net!gatech!swrinde!zaphod.mps.ohio-state.edu!moe.ksu.ksu.edu!crcnis1.unl.edu!wupost!mont!pencil.cs.missouri.edu!daemon From: harelb@math.cornell.edu (misc.activism.progressive co-moderator) Newsgroups: misc.activism.progressive,alt.activism,alt.politics.elections,bit.listserv.politics Subject: The Decline of America: Decline of American Labor Movement (II) Message-ID: <1992Oct21.035946.8608@mont.cs.missouri.edu> Date: 21 Oct 92 03:59:46 GMT Sender: news@mont.cs.missouri.edu Followup-To: alt.activism.d Organization: misc.activism.progressive on UseNet ; ACTIV-L@UMCVMB Lines: 110 Approved: map@pencil.cs.missouri.edu Originator: daemon@pencil.cs.missouri.edu Nntp-Posting-Host: pencil.cs.missouri.edu