CEO's Get ahead

A new study on executive pay packages found soaring compensation for chief executives and urged Congress to rein in the trend.

The Institute for Policy Studies, a progressive think-tank, found that in 2004, chief executive officers made 431 times as much as the average worker. This is up from a 301-to-1 ratio in 2001.

Defense executives were particularly big winners, according to the study, which was released Tuesday. At 34 companies with substantial defense revenue, average CEO pay rose 200 percent from 2001 to 2004, compared with 7 percent for chief executives in general.

United Technologies Corp. chief George David led the pack with total compensation of about $88 million last year. (Dow Jones)

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