CEOs Not Suffering in Retirement
Many large corporations in the US are either scaling back or eliminating pension plans for rank and file employees, but these cutbacks apparently haven’t reached the executive suite. This fact isn’t lost on the AFL-CIO, who have launched a new section of their site called Executive Paywatch. According to the site, the average CEO of an S&P 500 corporation made $11.75 million in total compensation last year. The site has a database that lets you search companies by name to learn what their CEO is paid annually, as well as what their retirement benefits will amount to. The top 6 CEOs on the list have annual retirement packages that range from $3,875,000 to $6,518,459. Check it out.
