Wage gap: 'Average' CEO salary less than one Hillary speech
Democratic presidential candidate Hillary Rodham Clinton's
charge that corporate CEOs earn 300 times more than their workers isn't
just wrong. It hides another very real wage gap: She earns more in just
one speech than the average American CEO in a year.
Mark J. Perry, a University of Michigan professor and author of
the American Enterprise Institute's popular Carpe Diem blog, did the
fact-checking of Clinton's numbers and came up with that result.
The average CEO, using Bureau of Labor Statistics figures, makes
$216,100. On the stump, Clinton's agent, the Harry Walker Agency Inc.,
charged $275,000 a speech and packaged three for Wall Street's Goldman
Sachs at $675,000.
Perry used the BLS average salary for all CEOs, not just the top
ones Clinton likes to cite. He also found that the average worker
salary is $48,920, about what it was in 2009. That translates into an
apples-to-apples wage gap of 4.4-to-1.
Paul Bedard, the Washington Examiner's "Washington Secrets" columnist, can be contacted at pbedard@washingtonexaminer.com.
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