The idea behind Who Won the Week is for you to select who (or what) you think “won” this past week. Your selection can be anyone or anything — politicians, celebrities, athletes, authors, bloggers, your friends or family members, books, movies, TV shows, businesses, organizations, whatever.
I will be posting this prompt on Sunday mornings (my time). If you want to participate, write your own post designating who you think won the week and why you think they deserve your nod. Then link back to this post and tag you post with FWWTW.
This week’s Who Won the Week winners are America’s CEOs.Last year the U.S. economy in was in shambles due to the coronavirus pandemic, and around 8 million fewer Americans are employed now than in February 2020 before COVID-19 struck. Yet the median pay for chief executives at 322 large U.S. public companies, according to the Wall Street Journal, reached $13.7 million, up from $12.8 million for the same companies a year earlier. More than 200 of those CEOs actually got pay raises, with the median amount being 15%. Did any of you get a 15% pay raise over the past year?
It seems that America’s business bigwigs aren’t sharing the pain that most Americans have experienced over the past year. Some CEOs will take pains to point out that they took salary cuts last year as a show of goodwill. But salaries are just a small part of overall executive compensation. Stock prices factor heavily into many pay packages, and the market benefited from support from the Federal Reserve’s emergency policies and the government’s stimulus packages.
So greed continues to thrive and the rich get richer while many of the rest of us are struggling financially. But CEOs are doing quite well.
What about you? Who (or what) do you think won the week?