The long-delayed SEC disclosure rule on CEO-worker pay turns out to be surprisingly strong. The reaction from power-suits? More bombast.
The exceedingly comfortable who sit in America’s richest 1 percent have nearly fully regained the outsized share of the nation’s income they held just before the economy cratered five years ago.
America’s corporate chiefs deserve all their hefty rewards, we’re told, because they take hefty risks. And what exactly are these richly rewarded corporate chiefs putting at risk? Our retirement security.
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.
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.
Voters of modest means outnumber voters of excessive means in every election. Yet public policy in America essentially comforts only the already comfortable. Four political scientists have an explanation.
A ruthless billionaire has grabbed one of the world’s great newspapers. But you don’t have to be a high-tech plutocrat, the paper’s previous regime has demonstrated, to help make our world more unequal.
An insider is spilling the beans on the great unsaid in charitable circles: You can’t ignore inequality and hope to fix an unequal world.
To protect our health, we’ve learned to have our “vital signs” taken. But no visit to a doctor’s office can tell us the vital signs that determine where on earth people can expect to live the longest lives.
The ‘market’ isn’t working for working people. The rich have rigged the rules. We ought to keep trying, of course, to reduce the resulting inequality. But why not, unions are asking, end the rule rigging?