Walter E. Williams
Part of the progressive agenda is to create hate and envy. One component of that agenda is to attack the large differences between a corporation's chief executive officer's earnings and those of its average worker. CNNMoney published salary comparisons in "Fortune 50 CEO pay vs. our salaries" (http://tinyurl.com/c2b24rv). Wells Fargo CEO John Stumpf's annual salary is $2.8 million. CNN shows that it takes 66 Wells Fargo employees, whose average salary is $42,400, to match Stumpf's salary. It takes 57 Wal-Mart employees, who earn $22,100 on average, to match CEO Michael Duke's $1.3 million. At General Electric, 44 employees earning $75,300 a year match CEO Jeff Immelt's $3.3 million salary. For people with little understanding, such differences seem patently unfair. Before touching on the fairness issue, let's look at some high salaries that progressives ignore.