Wednesday, July 25, 2007

Excessive Celebrity Pay?

According to this report on TV Guide's list of the highest paid TV stars, Oprah earns $260 million per year, more than 24X higher than the typical S&P 500 CEO, who makes $10.77 million on average. Will this generate any outrage over "excessive celebrity pay?" Will anybody do a study of the difference between Oprah's compensation and the compensation of a low-level staffer of hers (like an usher for her TV program or her caterer), and how this difference has been increasing over time?

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