President Obama is apparently the world’s worst socialist tyrant as CEO pay has reached another milestone.
The median CEO pay package hit $10.5 million last year, according to the Associated Press, cracking eight figures for the first time since the wire service began calculating the statistic.
The median compensation number rose by 8.8 percent from 2012 and has now climbed by more than 50 percent over the past four years. By contrast, average weekly wages for working Americans rose just 1.3 percent last year, the AP notes.
I’m sure it will trickle down at some point. I mean it has to, right? It’s in the bible.