CEO Pay Still Outrageous
Without taxpayer support, the President
of the United States would have no paycheck. Without taxpayer support, the CEOs
of many of America's biggest financial firms would now have no companies.
Both President Barack Obama and
high-finance CEOs, in other words, rely on taxpayers. Yet the compensation of
taxpayer-reliant financial industry CEOs dwarfs the White House paycheck. In
2008, the 20 financial chief executives whose firms have received the most
bailout money received average pay packages worth 34 times the
president's $400,000 annual salary.