From hiking trails in Oregon to boardrooms in Berlin, critics of our staggeringly unequal corporate order are calling for new limits that link executive compensation to worker paychecks.
Federal regulators have actually been cracking down lately on financial fraud. But the power-suited execs responsible for that fraud are still paying no personal price.
A string of surprising ‘say on pay’ votes has some executive pay critics sensing an impending revolution in corporate boardrooms. But that ‘revolution’ won’t amount to much until mainstream CEO pay reformers start factoring worker pay into the corporate compensation equation.
This table compares the various national, regional, and industry-wide pay reports released in 2009 on CEO pay for 2008.
This compilation of annual national, regional, and industry-wide corporate executive pay reports covers compensation collected in 2010.
Every spring, top U.S. media outlets and business research organizations release compensation surveys that detail executive pay levels over the preceding year. These surveys seldom sample the same corporations — or measure pay the exact same way — and, consequently, almost always generate somewhat different results. This Too Much table compares the various reports released in 2010 on CEO pay for 2009.
At what point will our world wake up to the fantastically rewarding scam that our hedge fund masters of the universe have been running?
If a blunder you committed cost your employer $4 million, how long would you stay employed? In America today, a CEO can cost his company $4 billion and still collect both a paycheck and a bonus.
Financial industry insiders are grousing about a big downturn in annual bonuses. They should be thanking the rest of us — bombshell new research shows — for their continuing awesome good tidings.