Did you know America's Top CEO's earned $5.4 billion last year? And get this: They were ALL white males and baby boomers.
It's obviously going to take more than 18 million cracks in the glass ceiling, that Hillary referred to in her Presidential bid, in order for women to get their fair share. The highest paid female executive is Indra Nooyi of Pepsico. But her salary of $12.7 million (including $4.5 million in bonus pay) pales in comparison to what her male counterparts are receiving.
And it gets even worse for the top African-American CEO, Kenneth Chenault of American Express. Chenault received a 2008 salary of $1.25 million and a $6.11 million cash bonus for his performance in 2006 that vested in February 2009.
Here are the Top Ten Highest Pad CEO's according to Forbes magazine:
Richard Fairbank, age 55, Capital One Financial, earned $249 million
Terry Semel, age 63, Yahoo, earned $230.5 million
Henry Silverman, age 65, Cendant, earned $139.9 million
Bruce Karatz, age 60, KB Homes, earned $135.5 million
Richard S Fuld, Jr., age 60, Lehman Bros. Holdings, earned $122.6 million
Ryan R. Irani, age 71, Occidental Petroleum, earned $80.7 million
Lawrence J. Ellison, age 61, Oracle, earned $75.3 million
John W. Thompson, age 57, Symantec, earned $71.8 million
Edwin M. Crawford, age 57, Caremark Rx, earned $69.6 million
Angelo R. Mozilo, age 67, Countrywide Financial, earned $68.85 million
Now there is an argument you have to have to pay top $$$ to keep your best people but if you look at the above list, one has to question what "best" really means.