April 1st, 2004


Fun with numbers?

From TWAN and the LABurners network:Awareness Network --
More information on the importance of gift economies and shared wealth and resources:

--The world now has roughly 500 billionaires, and their combined wealth
equals more than the annual incomes of the 3 billion poorest people
(roughly half of the world's population) combined. (See David Korten,
LAPIS vol. 3, 1996, or The Ultimate Field Guide to the U.S. Economy,
page 19)

--"Globalization has led to fierce competition among companies in nearly
every aspect of their business-except executive pay. American companies
are paying CEOs better than anywhere else in the world--and not 10
percent or 20 percent more, but 1,000 percent more and then some.
According to Towers Perrin's 1999 Worldwide Total Remuneration report,
German CEOs make 13 times what the average manufacturing employee makes.
In Japan, the CEO-to-worker pay ratio is just 11-to-1."

--"In 1980 the American CEO to Worker pay ratio was 42 to 1. In 1999
the American CEO to Worker pay ratio was 475 to 1" (Business Week)