USA: CEO pay climbs to ‘stratospheric heights’

This video says about itself:

In this lecture, author and professor Paul Street explores the conflict in society between militarism and social spending. Street uses the framework of Martin Luther King, Jr.’s triple evils: economic exploitation, racism, and militarism to talk at length about U.S. empire and inequality.

By Joe Kay:

Compensation for chief executives at the largest US companies continued to increase last year, according to a study published by the Associated Press on Saturday.

CEOs at half of the public companies listed on the Standard & Poor’s 500 received a combined total of $4.16 billion in 2006.

According to the AP calculation, the highest paid chief executive was Yahoo’s Terry Semel, who received $71.7 million in pay, stock options and other forms of compensation.

Half of the CEOs in the companies surveyed pulled in more than $8.3 million.