From 1970 to 2012, median household income increased at one-tenth the rate it did from 1949-1979.
According to writer Tim Noah, average stock options granted to CEOs between 1992 and 2000 rose from $800,000 to $7 million, and average total compensation quadrupled.
In 1989, the CEOs of the seven largest U.S. banks earned an average of 100 times what a typical household made. By 2007, more than 500 times. - 100 Mind-Blowing Facts About the Economy by Morgan Housel, The Motley Fool
Theft of shareholder savings by CEOs and them, a.k.a. equity compensation or, as it is commonly misnamed, “stock options”, accounts for the entire mindboggling transfer of wealth to our superrich corporate elite since Jan 1, 1981, when the enabling legislation became effective, and this criminal activity could be shut down by simply repealing that bogus law, only nobody but me ever mentions that. – MacDougal Irving, The MacDougal Post
