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Widening the gap.


Executive pay jumped 571 percent between 1990 and 2000, dwarfing the 37-percent growth in worker pay.

If the minimum wage, which stood at $3.80 an hour in 1990, had grown at the same rate as CEO pay over the decade, it would now be $25.50 an hour, rather than the current $5.15 an hour.

Heather Killen, a Yahoo senior vice president, was the highest-paid woman in America in 2000, with a total compensation package of $32.7 million--just 11 percent of what the highest-paid male earned: John Reed of Citigroup made $293 million.

The 30 highest-paid women in the corporate world earned an average total compensation of $8.7 million, as compared with $112.9 million for the 30 highest-paid men, a ratio of 1 to 13.

COPYRIGHT 2001 California Society of Certified Public Accountants
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:executive pay
Publication:California CPA
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 1, 2001
Words:130
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