‘Runaway CEO Pay’ Could Support 102,000 Jobs, AFL-CIO Says
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Chief executive officers at 299 U.S. companies had combined compensation of $3.4 billion in 2010, enough to pay more than 102,000 workers, the AFL-CIO labor federation reported in a study.
CEOs at companies including Viacom Inc. and Oracle Corp. averaged $11.4 million in total compensation in 2010, according to the report, which used data from website salary.com. Viacom’s CEO Philippe P. Dauman earned $84.5 million last year, the highest among the executives, according to the report.