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. |
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