"Last year was the fourth straight that CEO compensation rose following a decline during the Great Recession. The median CEO pay package climbed more than 50 percent over that stretch. A chief executive now makes about 257 times the average worker's salary, up sharply from 181 times in 2009."
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I am amused by television programs (typically of the pseudo-reality genre) which continue to portray "millionaires" as people with unlimited wealth. I have friends whose net worth is a bit over a million dollars, and it ain't that much. I mean, it's waaaaay more than I will ever have! But when it comes to the shows I am talking about, their financial vision is stuck in the 1960s. My millionaire friends are also not the CEOs who are bringing home tens of millions each year. They are people who worked hard for decades, saved every penny and invested carefully -- and lost half their portfolio in the bust. They have managed to creep back into the millionaire category, though you would never guess it to see how they live.
But then I guess it all depends on whether one is inclined to plan and save or to enjoy the present moment and hope for the best.
About ten years ago, one friend's older brother told him that he (my friend, who is one of these just-over-a-millionaires) should not even think about retiring on less than five million dollars. But then the older brother was a minor CEO. Even then CEO's thought differently.
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