CEOs make 230 - 1000 times more than I do.

[Catshrink]

I got curious about how a CEO's salary compares to mine so I did a little research. Looking at these numbers, the hourly wage of an auto worker, whether $35, 50, or 75, is nothing compared to the obscene amounts the executives make.

I looked up the salaries then divided them by 2080 hours/year (the standard number of hours for a 40 hour/week employee). The website I used for my data allowed me to compare their salaries with mine. I used $38,000, the average salary for a teacher in Arizona.

Here is the link to the AFL-CIO Executive Paywatch page. These are the salaries reported to the SEC for the year 2007.

http://www.aflcio.org/corporatewatch/paywatch/

(Sorry about the formatting. I don't know how to make this into a table in html.)

Company / CEO / SEC salary / per hour / # of catshrinks

Auto Companies:
Ford Motor Co / Alan Mulally / $21,670,674 / $10418.59 / 570
General Motors / G. Richard Wagoner / $14,415,914 / $6930.73 / 379

Drug Companies:
Abbot Labs / Miles D. White / $33,346,260 / $16031.86 / 877
Bristol-Myers Squibb / James M. Cornelius / $11,311,922 / $5438.42 / 297
Pfizer Inc / Jeffrey B. Kindler / $9,513,440 / $4573.77 / 250
Schering-Plough / Fred Hassan / $30,323,752 / $14578.73 / 797

Financial Companies:
AIG, Inc. / Martin J. Sullivan / $14,330,736 / $6889.78 / 377
Citigroup, Inc / Charles O. Prince / $15,105,376 / $7262.20 / 397
Bank of America / Kenneth D. Lewis / $24,844,040 $11944.25 / 653
Wachovia Corp / G. Kennedy Thompson / $21,198,510 / $10191.59 / 557
Wells Fargo / John Stumpf / $12,568,917 / $6042.75 / 330

Conglomerates:
3M Company / George W. Buckley / $17,359,336 /$8345.83 / 456
GE / Jeffrey R. Immelt / $19,591,580 / $9419.03 / 515
PPG / Charles E. Bunch / $10,496,642 / $5046.46 / 276
United Technologies / George A. L. David / $38,073,226 / $18304.44 / 1001

Food:
H.J. Heinz Company / William R. Johnson / $22,692,753 / $10909.98 / 597
Kraft Foods / Irene B. Rosenfeld / $11,299,535 / $5432.47 / 297

Retail:
CVS Caremark / Thomas M. Ryan / $26,097,790 $12547.01 / 686
Sears Holdings Corp / Aylwin B. Lewis / $8,888,682 $4273.40 / 233
Target Corp / Robert J. Ulrich / $12,185,404 $5858.37 / 320
Wal-Mart / H. Lee Scott / $31,597,424 $15191.07 / 831
Walgreens / Jeffrey A. Rein / $9,752,569 / $4688.74 / 256