22 Aug '12, 5pm

1 top Pentagon contractor CEO makes 335 times more than a soldier with 10 yrs experience #defense #govcon

The average worker in the U.S. earned $45,230 last year. These CEOs were paid more in an average day than the average American worker was paid all of last year. According to a 2011 Congressional Budget Office analysis , the median compensation (including basic pay, allowances for food and housing, and tax advantages) for enlisted U.S. military personnel with ten years of experience was about $64,000. Thus, the Pentagon could afford to pay the salary of 335 soldiers with the money from just one top defense contractor’s compensation package. The CEOs of these top Pentagon contractors are also making significantly more than their own workers. According to a Deloitte study , the average wage (just salary, not benefits) for the entire aerospace and defense industry in 2010 was $80,175. For the price of one CEO then, these firms could pay the salary of 268 defense and aerospace ...

Full article: http://pogoblog.typepad.com/pogo/2012/08/pentagon-contrac...

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