Doesn't the salary of Larry Ellison, CEO of Oracle, at $78 million also cause prices to rise? Doesn't the $28 million paid to James Skinner, head of McDonald's reduce shareholder dividends? Perhaps the $31 million to the head of CVS Larry Merlo has no effect of pharmacy prices?
The AFL-CIO Executive Paywatch team calculated that the average CEO gets paid 331 times the average worker. Is a CEO worth 331 times that of a heart surgeon who is saving peoples lives? Are CEOs 331 times more important than the fireman who enters a burning house to save a life? Are they 331 times more valuable than the teacher who nurtures a shy child and a faltering student? The GOP says yes, because
Republicans are so enthralled with the 1 percent who write supersized campaign checks that they devalue the contributions of everyday workers to the welfare of America.