CEO Salaries Out of Whack?

Weekday, NPR Seattle
KUOW-FM 94.9
Hosted by
Steve Scher
January 4, 2004


CEOs took up to 411 slices of wage pie for every piece going to the average worker in 2005. That's a jump from 1980 when the ratio was 42 to 1. And the latest census shows a drop in median household income. So with Labor Day just around the corner, we ask: what's up with wages? Are CEOs and the top one percent worth what they're paid? Has your salary skyrocketed in recent years? Or not? Call in with your salary stories and questions.

John Cavanagh   directs the Institute for Policy Studies in the other Washington.
Xavier Gabaix   is associate professor of economics at the Massachusetts Institute of Technology and the co-author of a recent article, "Why has CEO pay increased so much?"
Lucian Bebchuk   is Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School. He's also the author of Pay Without Promise: The Unfulfilled Promise of Executive Compensation.

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