CEOs Earn More in A Day than Most Workers in A Year

August 29, 2007
CEOs Earn More in A Day than Most Workers in A Year

Top executives at major U.S. businesses last year made as much money in one day of work on the job as the average worker made over the entire year, according to a report released on Wednesday.

Chief executive officers from the nation's biggest businesses averaged nearly $11 million in total compensation, according to the 14th annual CEO compensation survey released jointly by the Institute for Policy Studies based in Washington and United for a Fair Economy, a national organization based in Boston.