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The divergence in pay peaked in 2000, with common CEO pay being almost 300 times common worker pay. Sixteen During World War II, The brand new York Times denounced President Franklin Roosevelt's unsuccessful attempt to cap Americans' pay at $25,000 (about $470,000 in 2023 dollars) as a ploy to "degree down from the top". The corporate world contributes billions of dollars a 12 months to charity. Companies buying billions of dollars' worth of this insurance where the government (normally) held the coverage and the corporate paid all or most of the premiums, the executive paying again the company for the premiums without interest when the policy matured. The compensation awarded to executives of publicly-traded firms differs from that awarded to executives of privately held corporations. In 2020, The Wall Street Journal reported that the median pay for executives at 300 of the largest U.S.

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