BUSINESS
03/21/2012 12:33 pm ET

CEO Pay 2011: Executives Earning Salaries Of $50 Million Or More At 'Unprecedented' Level

Even as unemployment remains stubbornly high and many Americans find themselves on the edge of economic devastation, the number of CEOs with salaries of $50 million or more continues to climb.

USA Today reports that "2011 is shaping up to be a banner year for CEO pay."

The latest executive to join the $50 million club, according to the paper, was John Martin, CEO of biopharmaceutical company Gilead Sciences, who made $54.5 million, according to annual proxy statements filed Tuesday.

The story comes on the same day various progressive political groups, including MoveOn announced they will train 100,000 activists across the country to help launch the "99 Percent Spring Week of Action."

According to a news release sent to The Huffington Post, the activists will be trained in "non-violent direct action so they can go back to their community and continue the fight for the 99 percent."

Last weekend, Occupy Wall Street protesters attempted to retake Zuccotti Park, erecting tents before police tore them down and made several arrests.

Below, Gilead Sciences CEO John Martin discusses the economy with Hewlett-Packard CEO Meg Whitman at the 2012 SIEPR Economic Summit:

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