Back in Al Capone’s day, Prohibition helped give rise to a rash of epic crime-boss fortunes. In our day, deregulation has spawned on Wall Street an entire new generation of fabulously rich racketeers.
For the grasping managers of Corporate America — and the institutions their wealth dominates — no workers deserve dignity, not even the most amazingly accomplished.
High-profile prosecutions of hedge fund execs only hint at the crime and ethical misbehavior rampant in America’s most rewarding high-finance suites.
All across Corporate America, top execs are feathering their own nests at the expense of their employees. The French have a better idea.
The current European revolt against CEO greed, if successful, might leave Corporate Euro looking just like Corporate America — in the 1950s.
What more vivid symbol of the indignity our corporate-driven inequality imposes than the Carnival Triumph cruise ship. Thousands of people adrift, going nowhere in a nightmare of sewage and stench, while a billionaire CEO sits cheering far away in a courtside seat.
The national leader of one of America’s feistiest unions is proposing a cap on incomes at the top that rises only if incomes at the bottom rise first.
A perfectly respectable business panel is urging corporate boards to ditch the ridiculous rationalizations for CEO pay excess and narrow the gargantuan corporate pay gap. Step one: end CEO stock options.
Forty years ago, U.S. corporate honchos saw their power ebbing away — to a ragtag mob of long-hairs and loony social reformers. So they did what corporate honchos always do. They asked for a memo.
Corporate America, advises one of the nation’s most prestigious management consulting companies, needs to wake up and stop rewarding employee loyalty and performance. With one exception.