08.30.2008 11:11 am
CEO pay
St. Louis Post-Dispatch
A line in BusinessWeek caught my eye, and might provoke some discussion this Labor Day weekend. “3 hours: Approximate time that an S&P 500 CEO had to work in 2007 to earn what a minimum-wage worker earned for the full year.”
The S&P 500 is a stock index that includes America’s largest publicly-held corporations. BusinessWeek tells us that the CEOs at such a companies were paid more than $4,000 per hour.
Jim Gallagher is a business reporter, covering banking and finance. He also writes a Sunday column on personal finance. 
Which one of the prominent leftists will be the first to fore go their salary for the common good?
Wealth envy and class warfare are key planks in the leftists platform. Down with the Czars. Power to the people. The people’s republic will take care of us all.