The 10 Highest-Paid CEOs Who Laid Off The Most Employees

CEOs of the 50 U.S. firms that cut the most jobs during the recession earned 42% more than the average S&P 500 firm CEO, according to a study released by a liberal think tank in Washington.

The study also found that 36 of the 50 layoff leaders announced their layoffs at a time of positive earnings reports, suggesting a trend of squeezing workers to boost profits and to maintain high CEO pay. When CEOs cut jobs they are often very richly rewarded.

No Wall Street banks were included in this list, but three banks (Bank Of America, Citigroup and JP Morgan) were on the list of the 50 firms that laid off the most employees.

Overall, the study shows that executive pay remains astronomically high compared to previous years. After adjusting for inflation, CEO pay in 2009 more than doubled the CEO pay average for the previous decade, more than quadrupled the CEO pay average for the 1980s, and ran approximately eight times the CEO average for all the decades of the mid-20th century. The study claims that CEOs of major U.S. companies make 263 times the average compensation of American workers.

I know its based on U.S CEO's but its still alarming....

Stolen from http://www.resumark.com/blog/sergey/the-10-highest-paid-ceos-who-laid-off-the-most-employees/