World Economic Forum
In Davos significant people in the world are talking about economic development. Our news bulletin covered an interesting fact.
In the american S&P 500 profits have been rising significantly for years now. Wages however have stayed at the exact same level or even slightly descreased. Top management team wages have a life of their own and rose significantly over the years.
Mr Jack Welch (GE) received 122 million dollars in 2000. Europe's best paid top manager works at novartis and earn 10.3 million a year. In The Netherlands they "only" earn an average of 1 million a year.
Minimun wage in the US is set on $5.15/hour, in The Netherlands this is € 1284,60 per month working full-time.
In the american S&P 500 profits have been rising significantly for years now. Wages however have stayed at the exact same level or even slightly descreased. Top management team wages have a life of their own and rose significantly over the years.
Mr Jack Welch (GE) received 122 million dollars in 2000. Europe's best paid top manager works at novartis and earn 10.3 million a year. In The Netherlands they "only" earn an average of 1 million a year.
Minimun wage in the US is set on $5.15/hour, in The Netherlands this is € 1284,60 per month working full-time.
posted by Floor @ 1:34 AM
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