CEO retirement savings: Top 100 = what 41% of US families have

1 And after these things, I saw another Angel come downe from heauen, hauing great power, and the earth was lightened with his glory. 2 And he cryed mightily with a strog voyce, saying, Babylon the great is fallen, is fallen, and is become the habitation of deuils, and the hold of euery foule spirit, and a cage of euery vncleane and hatefull bird: 3 For all nations haue drunke of the wine of the wrath of her fornication, and the Kings of the earth haue committed fornication with her, & the Merchants of the earth are waxed rich thorow the abundance of her delicacies. 4 And I heard another voice from heauen, saying, Come out of her, my people, that yee be not partakers of her sinnes, and that yee receiue not of her plagues: 5 For her sinnes haue reached vnto heauen, and God hath remembred her iniquities. 6 Reward her euen as she rewarded you, and double vnto her double according to her works: in the cup which she hath filled, fill to her double. 7 How much she hath glorified her selfe, and liued deliciously, so much torment and sorrow giue her: for she saith in her heart, I sit a Queene, and am no widow, and shall see no sorrow. 8 Therefore shall her plagues come in one day, death, and mourning, and famine, and she shall bee vtterly burnt with fire, for strong is the Lord God, who iudgeth her. 9 And the Kings of the earth, who haue committed fornication, and liued deliciously with her, shall bewaile her and lament for her, when they shall see the smoke of her burning: 10 Standing afarre off for the feare of her torment, saying, Alas, alas, that great citie Babylon, that mighty citie: for in one houre is thy iudgement come. 11 And the Merchants of the earth shall weepe and mourne ouer her, for no man buyeth their merchandise any more. 12 The merchandise of gold, and siluer, and pretious stones, and of pearles, and fine linnen, and purple, and silke, and scarlet, and all Thine wood, and all maner vessels of Yuorie, and all maner vessels of most precious wood, and of brasse, and iron, and marble, 13 And Cynamome, and odours, and ointments, and frankincense, & wine, and oile, and fine floure, and wheat, and beasts, and sheepe, and horses, and chariots, and slaues, and soules of men. 14 And the fruits that thy soule lusted after, are departed from thee, and all things which were daintie, and goodly, are departed from thee, and thou shalt finde them no more at all. 15 The Merchants of these things which were made riche by her, shall stand afarre off for the feare of her torment, weeping and wailing. 16 And saying, Alas, alas, that great city, that was clothed in fine linnen, and purple and scarlet, and decked with gold, and pretious stones, and pearles: 17 For in one houre so great riches is come to nought. And euery shipmaster, and all the company in ships, and sailers, and as many as trade by sea, stood a farre off, 18 And cryed when they saw the smoke of her burning, saying, What city is like vnto this great citie? 19 And they cast dust on their heads, and cried, weeping, and wailing, saying, Alas, alas, that great citie, wherein were made rich all that had ships in the sea, by reason of her costlinesse, for in one houre is she made desolate. 20 Reioyce ouer her thou heauen, and ye holy Apostles and Prophets, for God hath auenged you on her.

Eideard

The retirement savings accumulated by just 100 chief executives are equal to the entire retirement accounts of 41 percent of U.S. families — or more than 116 million people…

In a report, the Center for Effective Government and Institute for Policy Studies found that the 100 largest chief executive retirement funds are worth an average of about $49.3 million per executive, or a combined $4.9 billion. David C. Novak, the recently departed chief executive officer of Yum! Brands Inc., is at the top of the list, with total retirement savings of $234.2 million.

In recent years, pay and income inequality across different income groups have received increasing attention in the U.S. Significantly less attention has been focused on the growing gulf in retirement savings, a lack of focus that the study’s authors say they are attempting to address.

“This CEO-to-worker retirement gap is a lot bigger than the pay gap…

View original post 254 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s