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Analysis: Top CEO pay skyrocketed more than 20 percent in 2011

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America’s best paid executives received raises of more than 20 percent in 2011 over the prior year, according to an analysis of CEO pay published by Bloomberg News.

Bloomberg’s list, which examined Securities and Exchange Commission (SEC) data on the compensation of the 50 top earners in corporate America, found that on average the executives raked in 20.4 percent more than in 2010.

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Those bonuses are on top of a 27 percent pay increase for America’s top executives in 2010, as incomes finally began returning to pre-recession levels. The jump in executive pay for 2010 was considered one the largest in history, and followed two years which saw marginal declines in executive compensation.

Despite the surging CEO pay, American workers weren’t so fortunate. While the average CEO pay grew out of control in 2010, worker pay increased just 2.1 percent. Median household income also fell more than $3,000 between 2000 and 2010.

The AFL-CIO, America’s largest umbrella group for labor unions, noted that in the 1980s, executive pay peaked at about 43 times the average worker’s pay, but in 2011 CEOs were compensated, on average, 380 times more than workers.

“This double-digit increase in average CEO pay for the second consecutive year shows just how disconnected the top 1 percent is from the 99 percent,” the group said.

This video is from Bloomberg News, published Tuesday, June 5, 2012.

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2020 Election

‘Big mistake’: Trump’s favorite pollster tells Fox News why Republicans shouldn’t push nomination before the election

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Fox News on Friday examined why it would be a "big mistake" for Republicans to attempt to force through a nominee to replace Justice Ruth Bader Ginsburg on the Supreme Court.

Following Ginsburg's death, Senate Majority Leader Mitch McConnell (R-KY) vowed that Trump's nominee would receive a vote, but did not specify whether it would occur before the election or during the "lame duck" session of Congress that occurs before the 2020 election victors are sworn in.

But conservative pollster Scott Rasmussen warned Republicans it would be a bad idea during an appearance with Fox News personality Laura Ingraham.

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LISTEN: Mourners sing ‘Amazing Grace’ outside the Supreme Court to celebrate Ruth Bader Ginsburg

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Heartwarming videos were shared on social media on Friday night showing the spontaneous gathering at the Supreme Court following the death of Justice Ruth Bader Ginsburg.

The large crowd, with many people wearing masks, sang the hymn "Amazing Grace."

Here are some of the videos of the scene:

A moving moments as dozens join in to sing “Amazing Grace” on the steps of the Supreme Court. pic.twitter.com/NGZyZi4YR4

— Mike Balsamo (@MikeBalsamo1) September 19, 2020

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2020 Election

Here’s how Mitch McConnell could lose his leverage to replace Ginsburg after November

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According to a report in AZCentral, Senate Majority Leader Mitch McConnell's plan to rush through a replacement for the late Supreme Court Justice Ruth Bader Ginsburg could encounter an unexpected roadblock if he tries to hold a confirmation vote after the election.

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