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Article #4003

The Decline of America: Decline of American Labor Movement (II)

#4003
From: misc.activism.progressive co-mod...
Date: Wed, 21 Oct 1992 03:59
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The Decline of America: Decline of American Labor Movement (II)

Sorted from Most to Least Equitable CEO-to-worker ratio

*******************************************************
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
               ============================================
               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"
*******************************************************
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.

******************************************************************

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)

******************************************************************

From page 101 of:

 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -  
_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  
 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -   

    "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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From: harelb@math.cornell.edu (misc.activism.progressive co-moderator)
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Subject: The Decline of America: Decline of American Labor Movement (II)
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