… the proposed limit on the executive salaries for those companies who are about to receive bailout money is 500K per year. This will force these people to live on a mere $9,615.38 per week.
Just to size this up this up…
In one week these execs will make $9,615. This is $784 dollars less then someone at the poverty line makes in a year. …In 2007 there were 37.3 million Americans living at or under the poverty line. (the poverty line for a single person is $10,400… for family’s simply add 3,600 per person in household. For example, a family of three would be living at the poverty would make $17,600 per year)
In two weeks he will make $19,230, $2,830 less then a full time retail salesperson’s yearly salary ($22,060).
In 3 weeks he will make $28,845, a mere $760 less then the average yearly income for Tempe, Arizona’s 85281 zipcode ($29,605).
In 4 weeks he will make $38,460, $3,101 more then a legal secretary’s yearly income ($35,359)
In 5 weeks he will make $48,075 this is $1,493 less then the average american household will make in a year ($49,568 ). In other words by the second week of February the exec will have made about as much money as the average household does in a year.
In 8 weeks he will make $76,920, $879 less then a psychologist’s yearly salary ($77,799)
In 9 weeks he will make $86,535, $5008 more then the average sociology professor. (full professors make $81,527).
In 14 weeks he will make $134,610, $101 more then a dentist’s yearly salary ($134,509)
In 16 weeks he will make $153,840, $72 more then a pediatrician yearly salary ($153,768 ).
In 42 weeks he will make $403,830, $3,830 more then the President Of The United States makes in a year ($400K).
…so by the end of April he will have made more then those who we rely on to keep our children healthy. Not to mention that he will make more then most of us do by the end of the second week in February.