The Economy is on a roll, and the payoff for some is Huge

Posted by By at 6 May, at 11 : 33 AM Print

April, yes the month of showers, amounted to something more than measurable inches. The Labor Department out with its latest numbers shows that employers added about 245,000 people to their payrolls last month.

Job growth came in multiple sectors, including construction, health care, factories, retailers, and education.

It represents the largest hiring spike in about five years, but, even so the overall unemployment rate rose a couple of percentage points to 9 percent. That is up from 8.8 percent in March.

Labor experts say the numbers suggest a buoyant economy, and for a tiny minority life in the way of compensation has never been better.

The heads of America’s largest companies are reaping more money, bonuses and stock options than ever before. The Associated Press analyzing statistics formulated by Equilar, an executive compensation research firm, found that the average pay of a CEO in 2100 stood at $9 million dollars a year, up 24 percent from the previous year.

Why are CEOs wallets bursting at the seams? Corporate profits, especially for large companies, shot through the roof in 2010, spiking well into the double digits.

One analyst told the AP, “Boards need to recognize that many CEOs already have enough in terms of motivation and lifetime wealth, says Jesse Brill. Brill is with “It is very frustrating to see the boards keep giving them more.

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