Thursday, May 25, 2006

I've been saying this for years now...

I lifted this from today's post on Malcolm Gladwell's blog:

After reading the article in the New York Times yesterday on the hundreds of millions of dollars in compensation given over the past few years to the CEO of Home Depot, I ran across this: in 1949, the highest paid CEO in America was Charlie Wilson of General Motors, who earned $586,100 in salary, bonus and stock. That's roughly equivalent to what some of the better-compensated CEO's are making today.

But what did Wilson pay in taxes? $430,350.

Times have changed.

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