PayScale.com, PayScale
Dec 06, 2011
By Bridget Quigg, PayScale
"The typical CEO who used to earn about 30 times more than his or her worker now earns 110 times more."— Tweet from President Obama, December 6, 2011
This morning in Osawatomie, Kansas, a small town of just 4,600 residents, President Barack Obama spoke to a group of rural Americans that likely didn't include many billionaires. He focused his speech on the American middle class and why he thinks it is theatened. Who did he point a finger at as a group contributing to this eroding middle class? CEOs at major corporations.