Join The Discussion

 

Mixed-use residential, commercial project moves forward near Fort Worth's T&P Station

The Fort Worth T, Fort Worth Housing Authority, city, and Fort Worth South nonprofit are taking the next step in studying the market for a mixed-use residential and commercial complex on a parking lot south of T&P Station.

read more >

Fort Worth's top CEOs honored at FWBP event

The Fort Worth Business Press announced its Top CEOs last night at its Top 100 event held at the Fort Worth Club.

read more >

FAA: Plano, Granbury family members dead in Central Texas plane crash

RANGER, Texas (AP) — Three family members have died in a small plane crash in rural Central Texas.

read more >

35 Concerts moving to Sundance Square

35 Concerts LLC has announced plans to move offices to Sundance Square in downtown Fort Worth.

read more >

ACH has 'buyer interest' for Summit property, plans to demolish Print Shop building

ACH Child and Family Services plans to demolish the historic Print Shop building on its Wichita Street campus and has confirmed buyer interest in its Summit Avenue property.

read more >

 

CEO pay hits 354 times that of average worker; up from 42 in 1980
WASHINGTON (CNNMoney) -- Chief executives of the nation's largest companies earned an average of $12.3 million in total pay last year -- 354 times more than a typical American worker, according to the AFL-CIO.
The average worker made $34,645 last year, according to the group that represents over 50 trade unions.
Oracle CEO Larry Ellison's $96.1 million pay package topped the list, followed by $54.3 million earned by Credit Acceptance Corp.'s Brett Roberts and Discovery Communications CEO David Zaslav's $50 million, according to the union's pay project.
The one stand out was Apple CEO Timothy Cook, whose pay dropped to $4.2 million from $376 million in 2011, when his compensation package got a boost from long-term stock awards.
The dip in Cook's pay was enough to lower the overall average for CEOs of top companies by 5% from 2011.
The discrepancy in pay between CEOs and the average worker has skyrocketed over the years, peaking in 2000, when the gap was 525 times. In 1980, CEO pay was 42 times that of the average worker.
The AFL-CIO each year highlights the pay disparity between workers and chief executives from companies that are part of Standard & Poor's 500 stock index.
Richard Trumka, AFL-CIO president, said he hopes the project will remind Washington leaders that most workers "continue to struggle."
"They struggle every day to make ends meet, their wages are stagnant, their companies are trying to take away their health care and pensions, and they're angry," Trumka said. "And very few them know what's happening with CEO (pay)."
The union wants regulators to enforce an outstanding rule from Wall Street reforms for publicly traded companies to reveal CEO pay compared to their average employees. The U.S. Securities and Exchange Commission has delayed efforts to craft that rule, in part because of heavy lobbying by companies.
The labor group unveiled an updated website database on Monday compiled from 327 companies based on SEC filings. The site will post CEO pay for all 500 companies as the data is made public.
Trumka himself makes $302,000 in total compensation, according to federal records, or 8.7 times the average worker.
A request for comment to The Business Roundtable, a business lobbying group for CEOs, wasn't returned immediately on Monday.

 

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?