The Fortunate 2,500 of The Fortune 500: Compensation Summary Compiled By Jerry Goldberg

Goldberg reports on senior C-level management compensation.

With exhorbitant CEO compensation on the minds of shareholders, Jerry Goldberg has prepared a list of the top 2,500 top executives of the Fortune 500. "With ever greater amounts going to executives, there is less to go to shareholders and other employees," stated Goldberg.

Aside from confirming the average CEOas compensation in 2005 was $12.7 million, reflecting an increase of 5.7 percent over 2004, Goldberg details the additional executive compensation received by other senior executives on the management team. "All public companies have at least four other executives who report to the CEO; many of these executives are also handsomely paid," said Goldberg. "I have prepared a list of the top 2,500 top executives of the Fortune 500 companies, and what they get paid. I call the list 'The Fortunate 2,500 of The Fortune 500.'"

The total compensation paid to the aFortunate 2,500a in 2005 was $14.4 billion or an average of $5.8 million per executive.

WHY IS THIS IMPORTANT?

For Shareholders.
As more profits accrue to the top executives, there is less for the shareholders in the form of dividends, or earnings per share.

For Employees.
The inflation-adjusted pay of the average worker in the United States has been stagnant for over 20 years. Twenty years ago, the ratio of CEO pay to the average worker pay was approximately 10:1. The ratio in 2006 is now a whopping 282:1. This is clearly out of line.

For Society.
Money is "Power." Not only does it buy goods and services but also political influence. Too much wealth has accrued to too few people - an unhealthy society where one class of workers can become an aristocracy at the expense of everyone else.

WHAT CAN BE DONE ABOUT THIS?

Goldberg provides commentary which includes a Hall of Fame or the top ten highest paid CEOs and the top ten companies with the highest paid executives. See why all this is important to the public and what can be done to get things back into a reasonable balance at www.jgfortunate2500list.com. Jerry Goldberg can be reached directly at (516)349-0884.

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