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companies to the average production worker's pay was about 40 to 1 in 1980, according to The Economist. The magazine reported that the ratio had risen to 85 to 1 by 1990, and then soared to about 400 to 1 by 2003. (Source- forbes,2008)
So one can safely (social comparison!) assume that the CEOs salaries in US is too high compared to other developed countries. No doubt, it has became an election issue in America with Obama (President in waiting) high on rhetoric in election time. Even champion of free market, President George Bush has criticised the high salaries of CEOs.
An interesting event unfolding in USA now is the impending bankruptcy of major auto giants...
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