Gotta love the power of compounding - that's a 5% ish increase a year for 46 years, and not that far ahead of what most workers have seen their wages rise by.
(Ok, well above inflation but I was mostly annoyed with the options of 100% and 500%. Even the latter would have been a real terms pay cut.)
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@jbenjamint It's really unfortunate but we really need to hall Reich for leaving economics behind and becoming just another political hack.
In this case he's comparing apples and oranges because the CEO job today is so much different than what it used to be. To compare the pay from one to the other is just political rhetoric.
And it really frustrates me that this guy used to be legit, but now he's just putting out misleading rhetoric day after day.
