Double dip: For 2nd year, average CEO pay drops

  • Article by: JOHN J. OSLUND and PATRICK KENNEDY , Star Tribune
  • Updated: June 27, 2010 - 10:53 PM

The 1.2 percent drop in median total compensation last year, as Minnesota companies slogged their way out of the recession, effectively reset the CEO pay clock to 2002.

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suzukisvJun. 27, 1012:28 AM

I'm shedding a tear as I write this. The poor darlings.........

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bottomlineJun. 27, 10 1:17 AM

We just have this stupid obsession with "other people's paychecks" don't we?

Personally, I could care LESS what "anybody else" is making.

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porcupine12Jun. 27, 10 1:20 AM

I'm all broken up! "The world is turnin', I hope it don't turn away".

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cpunksJun. 27, 10 1:29 AM

at least they still have a job! (That's what I and many other employed people have been told while getting pay cuts or not getting raises they had been counting on). So cheer up, Mr. CEO, at least you still have a job, in this economy!

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cpunksJun. 27, 10 1:30 AM

If you "could" care less, then do it. :) I think you meant you "couldn't" care less. (Hey, they can take our paychecks and take our money, but they can't take our language!)

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cc1091Jun. 27, 10 2:01 AM

I wish it were more like a 50% reduction AND the sudden appearance of at least 8 to 12 low to middle income jobs per CEO.

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mobydick1Jun. 27, 10 5:57 AM

I think we have, somehow, gotten an inflated respect for the role of management in the productive process. I can picture huge rewards for initial entrepreneurial efforts in "start-ups." Beyond that, financial rewards are excessive. CEOs have been handsomely rewarded for cutting labor forces. It seems to me, other than the "bad guy" image, they have performed no great feat. I suppose this is consistent with my thinking our culture is "nuts," anyway. Personally, I think professional entertainers, athletes, and previously, airline pilots are/were overly rewarded for their contributions to our culture.

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subhumanJun. 27, 10 6:40 AM

If they live and spend like the average worker, then this is a significant drop in pay.

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lothlornJun. 27, 10 7:34 AM

Maybe they all got want they wanted. Their pay should keep going lower for as long as their former employees hurt from being outsourced. I know because my family was one of those victims of NAFTA and Free trade. Yes there are winners and losers but mostly just LOSERS. I can not think of a group of people who deserve it more then the ones who wanted these harmful practices.

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notmetooJun. 27, 10 7:34 AM

Good! Those corporate thieves make too much anyway!

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