The rich get richer

Year Published:  1992
Resource Type:  Article
Cx Number:  CX4442

A typical chief executive at a Canadian corporation receives a compensation package (salary plus various bonuses and benefits) of $389,000 (U.S.), according to the U.S. consulting firm Towers Perrin. By comparison, a Japanese CEO gets $308.000, and an American CEO gets $633,000. A U.S. CEO typically gets paid 130 times as much as the $21,735 received by a worker in his company's factory. This differential has increased massively during the Reagan-Bush years: 14 years ago, the difference was 34 times as much.

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