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.
So few Americans are cheering America’s rising productivity, a new Economic Policy Institute report suggests, because so few Americans are sharing in the new wealth that boosts in productivity have been creating over the past three decades. That wealth has gone largely to the top.
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.
On the eve of the release of the annual CEO pay survey reports, we review the recent research literature and take a look at the causes and consequences of the chief executive compensation spirals the United States has experienced since the late 1970s.
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 U.S. Senate Budget Committee February 9, 2012 hearing on “Assessing Inequality, Mobility, and Opportunity” featured testimony from Institute for Policy Studies analyst Sarah Anderson. In her remarks, Anderson showcased how excessive corporate executive pay has turbocharged the gap between America ultra wealthy and everyone else.
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.
One puts on football pageants. Another makes millions on a virtual farm. From Too Much, the Institute for Policy Studies inequality weekly, we present the year’s ten most avaricious. All ten remind us just how much needs to change, economically and politically, in 2012 and beyond.
Wall Street’s power suits aren’t humming along, this December, with all the holiday jingles. Bankers, traders, and law firm partners are quite frankly feeling kind of foul. End-of-year Wall Street bonuses, experts predict, are going to be down from 2010 levels — by as much, on average, as 35 percent. Total 2011 pay for the [...]
A blue-ribbon commission in the UK has just released a final report that demolishes all the major defenses that overpaid executives and their flacks, in the UK and the United States, have advanced to justify why executives today merit so much more than their counterparts a generation ago.