Letters to the Editor

CEO salaries reflect their greed, not reality

Recently, the New York Times printed the financial compensations for CEOs of 200 major corporations.

Despite the soft economy, high unemployment and stagnant wages for most workers, top executives got huge raises last year, irrespective of how their companies performed. The average paycheck for top executives at the 200 big companies was $10.8 million, a 23 percent gain from 2009. Then one must factor in the lesser members of corporate hierarchy, who are probably receiving well into the seven figures.

Yet these are the very people who are backing the movement to pay lower taxes, while the little guys have safety-net programs cut. If this isn't the ultimate in greed, I don't know what is.

Bob Alberti

Sun City Hilton Head