Top Canadian CEOs make average worker's salary in three hours: Queen's experts
Two Queen’s University experts, sociologist professor Laureen Snider and School of Business professor Wei Wang, are available to comment on today’s Canadian Centre for Policy Alternatives report that the top Canadian CEOs make an average worker’s salary in three hours.
“The story really does say it all: inequality has been steadily rising since the 1980s, and government policies have more often exacerbated than ameliorated the problem,” says Professor Snider. “I suspect the Harper government does not even see this as a problem.”
"It’s actually not surprising to see the 189 times figure," says Dr. Wang. "For the US, this figure is more than 500, compared to 200 times in 1996. The income gap is growing but it grows fast in the US."
Specializing in sociology, Professor Snider’s research areas include sociology of law and corporate crime, social control and punishment, and the criminal justice system.
Dr. Wang's current research interests are in bankruptcy, distressed securities, active investors, capital structure, credit ratings, CEO compensation and behavioural finance. His papers have been published in the Journal of Finance and the Journal of Fixed Income.
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