RJ and Makay

Recently the International Labour Organization (ILO) issued a report stating the global youth unemployment rate had reached its highest level on record and is expected to increase throughout 2010. The youth unemployment rate in 2007’s assessment was 11.9 percent; in 2009 it had increased to a rate of 13 percent. Between 2008 and 2009, the rate increased by 1 percentage point, marking the largest annual change over the 20 years of available global estimates and reversing the pre-crisis trend of declining youth unemployment rates since 2002.

According to the ILO report Global Employment Trend for Youths 2010 says of the 620 million economically active youth’s age 15-24 years, 81 million were unemployed at the end of 2009. The report estimates that 152 million young people in the world worked but remained in severe poverty. It is estimated that these young people were surviving on less than $1.25 per person per day.

The media has been lamenting about the executive bonuses on Wall Street especially hard last year. The general theme: Execs shouldn't get bonuses if their firms aren't performing well. I think most of the general public buys into performance based bonuses. Bonuses given in proportion to the revenues, profits or other defined set of goals does sound logical.

So, let's see what executive compensation looks like in the media industry. They obviously must have a handle on executive bonuses and the right way of doing things right? Well, not exactly. Look at what these media CEOs make PER DAY.