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.
‘Asset bubbles’ have been roiling our economy ever since America’s wealthy started supersizing three decades ago. But another bubble, this one enveloping those wealthy, may be just as essential to understand.
Wall Streeters made fortunes, the new official report on America’s 2008 economic meltdown charges, defrauding the American public. They’re still making fortunes — and this official report is already sinking out of sight.
Over recent decades, recoveries from U.S. recessions have become steadily weaker and weaker. Over these same decades, executive pay has been steadily soaring. Could these two trends be somehow related?
Our economy would become the world’s most innovative, our elites have assured us over the past 30 years, if we gave our rich enough incentives to innovate. We kept to our end of the bargain. So where’s the innovation?
AOL and Time Warner split, Comcast and NBC join. The merger merry-go-round continues to spin. Investment bankers and corporate execs get to grab the brass ring. The rest of us get pink slips and higher prices. By Sam Pizzigati What may be the dumbest corporate merger of all time — the $165 billion deal that [...]
Huge rewards for ‘talented’ people are supposed to leave all our lives much better than before. But they don’t — not in sports or any of the rest of life either.