CEO Pay Down in 2015, But Still Higher Than Its Bubble Heights

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Sad news today from the Wall Street Journal. Among CEOs of big companies, stock-based pay was up 7 percent last year and cash pay was up 2 percent. But thanks to slower growth of CEO pensions, overall compensation was down 4 percent.

But perhaps CEOs will be mollified by the broader picture, which you can see in the chart on the right. CEO pay is up about 44 percent since 2007 in nominal terms, and up about 38 percent when you account for inflation. For ordinary workers, pay has decreased 5 percent since 2007 when you account for inflation.

For anyone wondering why Bernie Sanders has struck such a chord with the electorate, this pretty much tells the story. The Great Recession sure didn’t affect everyone equally, did it? Ordinary schlubs paid a high price, but the folks with the most lavish pay to begin with just shrugged it off like it never happened. If the rich wonder why calls to tax high incomes at 90 percent sound pretty good to a lot of people, this should clue them in.

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is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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