Ken Suite News Today

Here with us now, business writer for the associated press, ken suite who was out this morning with a new report on record ceo pay. what? >> give us the news here. >> break it down for us. >> income disparity continues to rise between the rich and the poor. tell us about it. >> sure. according to our data, ceo pay has crossed the $10 million threshold last year. the average was $10.5 million. that was up 9% from last year. youre now talking about, you know, these are not the seven-figure salarie...

>> and how much does he make again? i just forgot the number. >> not enough. >> ken, while they suck up to les moonves, can i ask you about n nabors industries? how low with the lowest wage earners there? given what it does, i would think it goes to the bottom of the barrel and has people paid the minimum wage or close to it. >> the company is based in the bahamas, an oil field services in it. they have engineers who are probably paid pretty well but its mostly a foreign company that, you know, ...