CEO earns 821 times more

Back-to-back results published by the Economic Policy Institute that show that

“In 2005, an average Chief Executive Officer (CEO) was paid 821 times as much as a minimum wage earner, who earns just $5.15 per hour. An average CEO earns more before lunchtime on the very first day of work in the year than a minimum wage worker earns all year.” (link)

And that

“In 2005, the average CEO in the United States earned 262 times the pay of the average worker, the second-highest level of this ratio in the 40 years for which there are data. In 2005, a CEO earned more in one workday (there are 260 in a year) than an average worker earned in 52 weeks.” (link)

Around the same time, a report by a CEO organization assures us that CEO pay is “very reasonable”.