At the end of the day, business comes down to profit and expansion. And for the millions of Americans employed by large companies throughout the state of Ohio and beyond, there is often an acute awareness that their labor contributes to the overall financial growth of the organization. The success of a company also fosters and depends upon the achievements of the company executive, creating an interesting relationship between employees, their superiors and the business entity itself. Now that information detailing the salaries, pensions and perks of CEOs across the nation has been disclosed, there are increasing concerns over issues like employment contract disputes and wage disparities.
At a time when wage rates for full-time employees across the country only increased by a little more than one percent between 2012 and 2013, it is now estimated that the average pay for CEOs increased by more than 12 percent last year. Accounting for factors like bonuses, incentive pay and exercised stock options, figures suggest that many CEOs now make almost $11 million a year.