Tuesday, June 07, 2005

GM index

By now we've all heard about GM's vivisection. Just to place the job loss (25,000) in context...

$12,798,572: GM CEO Wagoner's 2003 compensation including stock options
$12,477,364: Wagoner's unexercised stock options from previous years
2506 AD: The year the accumulated wages of an average worker would total one year of Wagoner's compensation
3199 AD: The year the accumulated wages of a minimum wage worker would total one year of Wagoner's compensation
54%: The amount pay increased in 2004 for the CEOs of the largest 500 companies
11%: The average decrease in full-time worker pay from 1973 adjusted for inflation
45: The number of workers whose combined pay would equal that of a CEO in 1973
140: The number of workers whose combined pay would equal that of a CEO in 1991
300: The number of workers whose combined pay would equal that of a CEO in 2004

(Stats complements of the AFL-CIO's executive paywatch database and the UAW.)

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