Workers in the United States don’t make double what workers make in Japan or Switzerland. Why should U.S. CEOs routinely make double — and often much more — than Japanese and Swiss top execs?
Wage squeezes, share buybacks, and tax subsidies, three new progressive think tank studies show, are all combining to keep America’s high and mighty ever higher and mightier.
The latest annual hedge fund industry pay stats have suits smiling — and ordinary mortals worrying about public education’s future.
Baseball’s top hitter and Wall Street power suits both ply their trades in a high-speed world. That hitter will make over a quarter-billion in the next decade. The top suits stand to ‘earn’ astonishingly more.
Equal pay for equal work? We still haven’t arrived at that destination. Decent pay that reflects the dignity of all who labor? In today’s America, we’ve barely even begun that journey.
America’s corporate CEOs feel entitled to pensions that pay out $86,000 monthly. To protect their entitlement, they’re attacking ours: Social Security.
America’s top execs don’t have the time to party. They’re too busy waging a corporate holy war against what may be the most promising check yet on executive pay excess.
Over the last 20 years, the annual lists of America’s highest-paid chief execs — our corporate ‘best and brightest’ — have included an amazingly high concentration of outright frauds and flops.
House Republicans, with help from some Wall Street-friendly Democrats, are rushing to repeal the most promising Dodd-Frank Act check on excessive executive pay. You won’t believe their rationale.
How much did America’s top execs make last year? The scorekeepers don’t all agree. But that won’t matter if we keep our eyes on the most important figure of all: the pay gap between CEOs and workers.