CEOS SHIP OUT JOBS, RAKE IN DOUGH

CEOS SHIP OUT JOBS, RAKE IN DOUGH: According to a study on
executive compensation being released today, "Chief executives of U.S.
companies that outsourced the greatest number of jobs reaped bigger pay
and benefits last year
(http://online.wsj.com/article/0,,SB109394087872605573,00.html?mod=home_whats_news_us)
." The U.S. Institute for Policy Studies and the non-partisan United
for a Fair Economy found in their study of executive salaries that CEOs
of the leading outsourcing companies earned $10.4 million last year, 28
percent more than the $8.1 million average CEO compensation. Paychecks
of CEOs
(http://www.canada.com/national/nationalpost/financialpost/story.html?id=9da08647-bf1f-4bd5-b5ec-d03d085383b5)
at 50 U.S. firms outsourcing the most service jobs jumped by an average
of 46 percent, compared to just a 9 percent average raise among CEOs at
the 365 big companies overall. The study calculated that the "U.S.
minimum wage would be $15.76 an hour, instead of the current $5.15 an hour
if workers' wages had gone up as much as CEO pay has since 1990." Check
out American Progress's graphic illustration
(http://www.americanprogress.org/site/pp.asp?c=biJRJ8OVF&b=139507) of
our "upside-down economy."