From: harelb@math.cornell.edu (misc.activism.progressive co-moderator)
Subject: The Decline of U.S. Labor Movement (II)
Followup-To: alt.activism.d
Originator: rich@pencil.cs.missouri.edu
Organization: misc.activism.progressive on UseNet ; ACTIV-L@UMCVMB
Date: Wed, 12 Aug 1992 18:39:35 GMT

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             S A L A R I E S   A N D   V A C A T I O N S
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- We're Number One in executive salaries.

- We're Number One in inequality of pay.

American chief executives make about twice as much as their counterparts
abroad and twenty-five times more than the average American worker--the
largest ratio of any of the nineteen major industrial nations. Average
remuneration (salary, benefits, holdings, etc.) for a Japanese CEO is
$371,800, less than half that of the average American CEO, $747,500.
France's top executives are a distant second with an average remuneration
of $448,500.

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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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

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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Sorted by best-to-worst CEO-to-worker radio:
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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.

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>From Page 101

 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -   
_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   
 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -    
[Transcribed by jhwoodar@well.sf.ca.us (Joe Woodard)]

    ``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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Other files of interest, available from misc.activism.progressive's
automatic archiver (see directions for using GET command below):

  ECONOMIC STATS     Stats show regressive wealth redistrib 1980-1990
  REGRESSV LOC-TAXS  Study shows: state & local tax laws regressive
  POPULIST ECON-1    _New Patriot_: "Wealth & Poverty in Bush's U.S."
  POPULIST ECON-2    Stats show "smash-and-grab raid on the treasury"
  POLITICS RICHPOOR  Republ. pundit's book,The Politics of Rich & Poor

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