The New York Times (July 7) provided yet another example of a 'tiger economy' leaving the people behind. The Philippines growth of 7.8% and the rising glass towers is evidence of lots of money but work is scarce, low-paid, and seventeen million have left to find work elsewhere. More than nine million cannot afford the $135/month needed to eat.
Meanwhile, research conducted by Equilar for the Times shows that the 200 top executives' average pay packet came in at $15.1 million, a leap of sixteen per cent from 2011. For example, Leslie Moonves, CBS pulled in $60.3 million, Rupert Murdoch, News Corporation, $22.4 million, Lawrence J. Ellison, Oracle, $96.2 million, Marissa A. Mayer, Yahoo 36.6 million. Nice work if you can get it, and get away with it. John Ayers
Meanwhile, research conducted by Equilar for the Times shows that the 200 top executives' average pay packet came in at $15.1 million, a leap of sixteen per cent from 2011. For example, Leslie Moonves, CBS pulled in $60.3 million, Rupert Murdoch, News Corporation, $22.4 million, Lawrence J. Ellison, Oracle, $96.2 million, Marissa A. Mayer, Yahoo 36.6 million. Nice work if you can get it, and get away with it. John Ayers
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