WASHINGTON (AP) — David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press.
Here are some ways to think about just how much money those salaries represent.
Simon’s $137 million is almost entirely in stock awards that could eventually be worth $132 million. The company said it wanted to make sure Simon wasn’t lured to another company.
HOW LONG IT TAKES OTHERS TO MAKE THAT MUCH: A minimum wage worker – paid $7.25 per hour, as some workers at Simon malls are – would have to work one month shy of 9,096 years to make what Simon made last year. A person making the national median salary, $39,312 by AP calculations, would have to work 3,489 years.
- CEO Pay Grew 127 Times Faster Than Worker Pay Over Last 30 Years
- The Truth About the Economy (two minute video by Robert Reich)
- Our Banana Republic
- CHARTS: Here’s What The Wall Street Protesters Are So Angry About
- The United States of Inequality
- 15 Mind-Blowing Facts About Wealth And Inequality In America
- New Civil War erupts, led by super rich
- The Limping Middle Class and Charts
- Of the 1%, by the 1%, for the 1%
- An Investment Manager’s View on the Top 1%
- CEO pay soaring