Compared to America’s top corporate CEOs, Barack Obama should get a raise. At $400,000 a year, his salary is less than half a percent of the $104 million compensation package reportedly received last year by the boss at Motorola, Sanjay K. Jha. And his company’s “total return” was down 71 percent.
A survey of executive compensation published recently in The New York Times offers new insight into the salaries, bonuses, stock options and perks received in America’s executive suites.
At federal bailout recipient Citigroup, CEO Vikram Pandit received a relatively modest salary last year of $958,333 – though he also got more than $37 million in stock and options. In the fourth quarter of 2008, Citigroup lost $8.29 billion.
The median annual compensation of the 200 CEOs at 198 public companies was about $8.4 million.
Now, no one runs for the White House for the pay. But the president of the United States is a CEO in his own right. He’s got 300 million shareholders and an alternately compliant and irascible Congress that views itself as the Board of Directors.
If the U.S. government were a private corporation, it would make AIG look well-managed and would have gone bankrupt years ago. Check the profit and loss statement. Barack Obama presides over an operation with a $4 trillion budget but just $2.1-trillion in revenue.
He’s got nearly 2 million civilian employees and 1.4 million active-duty military. And he’s got a massive National Debt that recently soared about $11 trillion. The Debt is increasing at the fastest rate in U.S. history. It ran up another trillion dollars in just the past six months. - CBS News Story
If he was a real CEO with a Private Company we would be bailing him out and forcing him to step down.
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