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View Diary: On the 'Vindication' of Marx *updated (208 comments)

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  •  Seth - I don't think that is accurate (0+ / 0-)

    In large part because total CEO compensation is so high. The average total compensation for a Fortune 500 CEO is about $13 million. Only about $3-4 million is cash. The balance is equity compensation that will be earned over the next four years and depends on the price of the company's stock. It actually takes a lot of capital to have annual investment income in the range of $10 million a year. Even at 10%, which would be a high rate of return, would require an investment portfolio of $100 million. At a more realistic 5%, it would be twice that amount. Most Fortune 500 CEOs don't have a net worth in excess of $100 million and if they do it's not all invested in financial assets. The guys with the really big bucks are CEOs of financial services firms or investors, rather than operating executives.

    "let's talk about that"

    by VClib on Sat Apr 13, 2013 at 10:38:34 PM PDT

    [ Parent ]

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