Income Inequality: The "CEO Meritocracy" Myth
by United for a Fair Economy on Oct 20, 2013 | Views: 128 | Score: 0
Average Annual Salary | |
---|---|
CEO at S&P 500 Company | 11400000 |
U.S. Navy Seal | 54000 |
Annual Salary (USD)
Sources:
faireconomy.org
Average Annual Salary | |
---|---|
CEO at S&P 500 Company | 11400000 |
U.S. Navy Seal | 54000 |
By overlooking exorbitant CEO salaries, we wrongly accept the "meritocracy" myth; that is, the inaccurate notion that in order to attract the best and brightest we must pay CEOs skyrocketing salaries. A CEO at an S&P 500 company will make an average annual salary of $11.4 million. An elite U.S. Navy SEAL will only make $54,000.