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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Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

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Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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