In 2006, the average CEO of a Standard & Poor's 500 company received $14.78 million in total compensation, according to a preliminary analysis by The Corporate Library. Gerhard Schroeder's salary of 250,000 euros a year ($325,000) as head of the shareholders' committee of the Nord Stream AG looks paltry by comparison, and Congressman Tom Lantos' remarks--simply boorish. |
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Nicolai N. Petro is professor of political science at the University of Rhode Island. He has served as special assistant for policy in the U.S. State Department and as civic affairs advisor to the mayor of the Russian city of Novgorod the Great. His books include: The Rebirth of Russian Democracy (Harvard,1995), Russian Foreign Policy (Longman, 1997), and (more...)