2012 Medicare Debate: Baby Boomers At Center Of Issue
Sunday, January 1, 2012
The $600 million dollar men: Meet the country's ten highest paid bosses (whose combined incomes could pay the salaries of over 18,300 Americans)
Forbes just released the list of the wealthiest 25 CEOs, and their earning numbers are astronomical.
The amount of money that the country's top ten wealthiest CEOs make in one year is enough to pay the salary of 18,330 'average' Americans.
The average salary in the U.S. was $33,000 in 2008- and though that is the most recent data, it does not even account for the brunt of the recession.
That is basically nothing when compared to the $604.9million made by the top ten earners last year.
The elite one per cent group includes anyone making over $380,000 per year, and the top ten CEOs make well above that.
The top spot is held by John Hammergren, 52, the CEO of pharmaceut ical company McKesson who earned a salary of $131.2mill ion and a net total income, which includes bonuses and profits from stock earnings, of $1.2billio n. And that's not all: Mr Hammergren 's company stands to expand if President Obama's health care program is enacted due to increased contracts.
Read the Article at HuffingtonPost
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