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 CEO pay reformers start factoring worker pay into the corporate compensation equation.
Bits and bytes would be doing a lot more to help make our lives less nasty, brutish, and short if we shared wealth as routinely as bandwidth. From San Francisco, a new lesson in that reality.
A new labor report reinforces the case for more transparency on the gap between what U.S. CEOs take home and what they pay their workers. The SEC is currently dragging its feet on implementing the new law that requires individual corporations to reveal just how wide that gap has become.
Over two years ago, the IRS announced an ambitious new effort to subject the super rich to unprecedentedly intensive audits. How’s that effort working out? Most lawmakers would rather you not ask.
Even rich people sooner or later have to drive over bridges. So why aren’t the wealthy screaming about America’s inadequate — and increasingly unsafe — basic infrastructure?
We obsess over health care in the United States, because we all want to be healthy. In the process, new evidence suggests, we’re ignoring the social dynamics that actually determine our health.
Great economic cataclysms have in the past knocked the super rich off their stride. Our Great Recession’s deep pockets, new income data show, are bucking the historical tide.
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.
The new Obama budget for 2013 advances a vision for a significantly more progressive tax code. But that vision, if realized, would still not restore all the tax progressivity lost since the early 1980s.
Lawmakers make laws. They don’t enforce them. Corporate America understands that difference — and exploits it. The latest case in point: the battle over outrageous CEO pay.