It’s a class thing – CEO pay soars

CEOs at California’s largest 100 public companies took home a collective $1.1 billion in 2004, up almost 20% from 2003. That compares with the 2.9% raise that the average California worker saw last year,

“The average CEO made 42 times the average worker’s pay in 1980. That increased to 85 times in 1990 and is now over 300 times,” said Brandon Rees, a research analyst. “That is clearly not a sustainable rate of growth.”

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