An obscure provision in the Affordable Care Act, a new report details, raises taxes on firms that overpay their top execs. The only problem: The provision so far only applies to corporations in one industry.
The just-released Institute for Policy Studies 2014 Executive Pay Reform Scorecard – part of the latest edition of the IPS annual Executive Excess report – evaluates an extensive list of creative and practical proposals for reining in excessive executive compensation.
Over 20 years ago, Fortune 500 CEO Harold MacInnes pledged not to take in pay any more than 14 times what his workers were making. A new UK CEO pay report has now placed back on the table the notion of capping executive compensation at a multiple of worker pay.
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? New global stats show how wide the corporate pay gap still stretches.
The more that major state universities squeeze faculty and students, a new study shows, the grander the rewards their presidents reap. Low-wage, part-time faculty and deeply indebted students both appear more plentifully at universities with lavishly compensated top executives.
The latest annual hedge fund industry compensation stats have power suits smiling — and ordinary mortals worrying about public education’s future. Hedge fund manager billions are reshaping the education public policy debate. The problem: Not everyone shares their vision.
Could the classic conservative put-down of progressive public policy become a strategic template for attacking over-the-top corporate executive compensation? Innovative lawmakers in the California and Rhode Island state legislatures may soon find out.
CEOs at America’s restaurant giants must be providing some mighty fine service. Their ‘performance’ is costing Uncle Sam, an Institute for Policy Studies report details, nearly a quarter-billion a year. Fast food’s CEO-worker pay gap, adds Demos, has become the nation’s largest.
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. The phenomenon of high-speed trading accounts for one reason why.
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, as suggests a deeper look into the controversy over the compensation for GM’s first female CEO.