Estimated reading time: 1 minute, 7 seconds

“Income inequality” has been on a great many politicians’ and economists’ lips lately. It’s likely to be a meme in the 2016 presidential election, and is often used as an argument for raising the minimum wage. At the same time, those lucky enough to occupy the corner C-suite office in an S&P 500 corporation seem to be pulling further and further away from the pack. So reports the International Business Times.

A new study issued by the non-profit As You Sow foundation, which tracks and promotes corporate accountability, indicates that CEO compensation has increased by a staggering 1,000% (yes, that number contains three zeroes) over the past four decades.

To say that figure eclipses median wage raises or increased shareholder value at these same companies would be a gross understatement. Just a sampling of the top 100 overpaid chief executives reads like a corporate “who’s who” across industries: Oracle’s Larry Ellison, already a billionaire, takes in more than $78 million annually; CBS chief Leslie Moonves rakes in just under $67 million; while the chairman of CVS Caremark clocks in over $31 million.

The author of the As You Sow report feels these huge executive compensation packages not only do harm to the organizations, their employees and shareholders; but to their customers, the nation’s economy and society overall.

Read the full article from the International Business Times.

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