According to this Sunday, March 6, 2011, NY Times
The average salary for New York’s full-time state employees in 2009 (even before the last round of raises) was $63,382, well above the state’s average personal income that year of $46,957. Mr. Cuomo’s proposed salary freeze for many of the state’s 236,000 employees is an important step to rein in New York’s out-of-control payroll. It could save between $200 million and $400 million.
According to Executive Paywatch, the average CEO makes 263 times the salary of the average worker. Furthermore, Executive Paywatch charts the following
2009 Average CEO Pay at S&P 500 Companies
Salary $1,041,012
Bonus $203,714
Stock Awards $2,630,574
Option Awards $2,284,595
Non-Equity Incentive Plan Compensation $1,790,703
Pension and Deferred Compensation Earnings $1,060,867
All Other Compensation $235,232
Total $9,246,697
(Both stats can be found at http://www.aflcio.org/corporatewatch/paywatch/pay/index.cfm).
So, whose salaries need to be hemmed in?
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