A CEO is worth 62 presidents

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Sure, corporate profits and stock prices boomed in the 90s, but the real growth story was in CEO salaries. Your average corporate exec’s paycheck swelled by 535 percent in the last 10 years — more than four times the growth rate of profits of the companies they run, according to a new study from UNITED FOR A FAIR ECONOMY.

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8/26 – Black rhinos buy the farm That unhappy portion of the citizenry that doesn’t hold keys to executive washrooms, of course, made out considerably worse. The average workers’ pay rose only 32 percent in the 90s. If salaries for normal folks had risen at the same rate as those of CEOs, production workers would be pulling in $114,035 a year, and the minimum wage would be $24.13 an hour. But at least ordinary-wage slaves aren’t the only ones being left in the dust: CEOs today also make 62 times the salary of the President of the United States.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

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It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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