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I found this very interesting in regard to a study done that shows the American worker has no idea the disparity between his salary and his CEO's salary.
This is from the The Boston Globe on 04/28/2014:
What does it take to become the most overpaid executive in Massachusetts? Or, more to the point, how much does it take?
The answer is a little bit north of $29 million. That̢۪s how much the Burlington speech recognition company Nuance Communications Inc. paid its chief executive, Paul Ricci, last year.
Ricci earned more than anyone else on my unofficial list of 10 Massachusetts executives who made over $10 million apiece last year. But he doesn̢۪t get my top vote in any ranking of overpaid local executives simply by making the most money.
Ricci has been earning really big bucks for a long time, a point of growing controversy among Nuance stockholders. In fact, he made a whopping $87 million in total compensation for the past three years. Over that period, Nuance shares lost 16 percent of their value.
That disconnect between Nuance̢۪s recent performance and the chief executive̢۪s compensation makes last year̢۪s $29 million pay package an especially sore subject.