Question
In 2005, firms in the Standard & Poor's 500 Index paid their CEOs, on average, $13.51m - a 16.1% increase over the previous year. So
In 2005, firms in the Standard & Poor's 500 Index paid their CEOs, on average, $13.51m - a 16.1% increase over the previous year. So the average CEO compensation was 411 times the average employee's compensation. In 2006, the increase in CEO pay was 8.9%. Every year, the controversy over CEO pay arises again.
What arguments could be made for each side?
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Financial Accounting
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
16th Edition
1337913103, 9781337913102
