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CEO Compensation
1:01 pm
Fri September 3, 2010

Report says CEOs cashing in on layoffs

Cover of the report Executive Excess 2010: CEO Pay and the Great Recession
Credit IPS
Cover of the report by IPS "Executive Excess 2010: CEO Pay and the Great Recession"

A report from the Institute for Policy Studies looked at CEO compensation from the 50 companies that layed off more workers during the recession. They found the CEOs at these companies are paid more, on average, than the average pay for the CEOs running to top 500 companies in the U.S. (S&P 500).

Sarah Anderson is the lead author of the report.  She says,

"CEOs are squeezing workers to boost short-term profits and fatten their own paychecks."  

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