In 2005, the typical chief executive officer (CEO) in a modest-sized U.S. firm received about $2 million in total compensation - nearly 40 times the average U.S. worker's pay.

Question

Quizplus · Accepted Answer

In 2005, CEO compensation in the U.S., especially in larger firms, was indeed significantly higher than the average worker's pay, often cited as being dozens of times more. This reflects the growing income disparity and executive compensation trends of the time.

In 2005, the Typical Chief Executive Officer (CEO) in a Modest-Sized