Huge pay packages awarded to CEOs have long raised eyebrows, but over the last few years the conversation has largely shifted to the growing disparity between their lavish pay and the smaller, slower-growing compensation of rank-and-file workers.
The youngest winner was an economist, Sendhil Mullainathan, 29, who in this era of Wall Street scandals studied the phenomenon of growing executive compensation.
The only complaints involved the obscene bonuses being paid out that accentuated the growing inequality of compensation in the U.S. Another irritant was the even more flabbergasting take-home pay of the Shadow Banking System the hedge fund managers and private equity bigwigs getting 2% for sitting on pension fund money and 20% of the profits, if there were any.
Even Peter, with time, comes to regard himself in this way: "The compensation of growing old," he thinks, is that "the passions remain as strong as ever, but one has gained — at last! — the power which adds the supreme flavour to existence, — the power of taking hold of experience, of turning it around, slowly, in the light".
The growing portion of employee compensation used for health care ultimately depresses workers' ability to spend on other items.
Debate over the rule highlights the tradeoffs employers make as they decide what benefits, if any, to provide workers and retirees at a time when health care is gobbling up a growing share of total compensation.
The salary reduction by Mr. Tilton follows similar moves by several airline executives this week and comes amid growing criticism of the compensation for airline executives at a time when the industry is struggling.
Tracking executive compensation grew out of Joint Information's original business of general legal and financial research, Mr. Lurie said.
In fact, perhaps because I'd traveled so much, or perhaps because certain sorts of worries disappear as a sort of compensation for growing older, my fear of flying and of travel had faded almost completely.
The pay cut for Mr. Tilton follows similar moves involving several airline executives this week and comes amid growing criticism of airline executives' compensation at a time when the industry is struggling.
The Chronicle's survey also found that the base salaries of the heads of more than one-third of the institutions surveyed "stopped growing" last year, while the total compensation of 10 percent of the presidents actually declined.
