Performance Art: U.S. CEOs Do A Shockingly Lousy Job, Often at Your Expense, But Still Make Tons of Money Doing It

Abby Zimet

The 20th anniversary edition of Executive Excess, the paean to corporate greed and incompetence that is the Institute for Policy Studies' annual report on CEO pay and "performance," finds that 4 in 10 of America's highest-paid CEOs were "bailed out, booted, or busted" - ie: acted out gross errors in judgment that trashed the economy so thoroughly that you the taxpayer had to bail them out, got fired or was caught committing fraud. The rest generously facilitated their companies' getting their “performance-based” federal tax subsidies by paying their CEOs their usual 354 times what the average worker makes, because, currently, they can. Outrageous. Charts tell the tale.

FRIENDS: Now More Than Ever

Independent journalism has become the last firewall against government and corporate lies. Yet, with frightening regularity, independent media sources are losing funding, closing down or being blacked out by Google and Facebook. Never before has independent media been more endangered. If you believe in Common Dreams, if you believe in people-powered independent media, please support us now and help us fight—with truths—against the lies that would smother our democracy. Please help keep Common Dreams alive and growing. Thank you. -- Craig Brown, Co-founder

Support Common DreamsSupport Common Dreams

Share This Article

More in: