We’ve all heard about the ‘excessively high salaries’ that America’s CEO’s make.
It’s a constant refrain (also known as a ‘constant campaign’) put out by unions—namely, the AFL-CIO—and echoed by the institutional left ad nauseum.
In fact, the AFL-CIO has a “study” that (allegedly) proves that America’s CEO’s make too much money.
However, a recent Townhall post analyzing the real data
utterly destroys calls into question the AFL-CIO’s so-called “study.”
We put “study” in quotes because the sample for the AFL-CIO’s “research” consisted of 350 of the largest companies in the U.S., out of a total of 27,092,908 firms, which means they cherry-picked the available data for the CEOs of the largest and most successful firms with the most revenue. Meanwhile, the U.S. Bureau of Labor Statistics collected the data for some 248,760 CEOS at companies of all sizes and levels of success, finding that the average pay of a CEO was $178,400.
But that’s quite a range for average values, isn’t it? Whether its the average of $178,400 for 248,760 companies or $11,700,000 for 350 of the biggest companies doing business in the U.S., there has to be some objective way to determine just how much a given company’s CEO job is worth. [Emphasis added.]
Be sure to read the whole Townhall post here.
“Truth isn’t mean. It’s truth.”
Andrew Breitbart (1969-2012)