The AFL-CIO recently released “Executive Paywatch” report continues to misrepresent to the American public the difference between CEO pay in the U.S. with that of employees. According to the Bureau of Labor Statistics, the average U.S. chief executive earns $194,350. The AFL-CIO cherry-picked the highest paid executives of the S&P 500 (among the largest corporations in the country) to come up with an “average” CEO compensation of $13.1 million. What wasn’t reported by the Paywatch report was the compensation packages of union executives. Below is a list of the top ten highest paid labor executives. Additionally, Richard Trumka, head of the organization that compiles the “Paywatch” report, reportedly earns $294,537.
Source: LaborPains
