Two scholars have just released the first detailed calculations on the total payoff that went to top high-finance CEOs in the eight years before the U.S. economy crashed in 2008. Over that span, the new numbers reveal, the CEOs at 14 major financial institutions took home $2.7 billion.
Over recent decades, America’s most basic public policy choices, on everything from taxes to trade, have served to disadvantage working people and lavish luxuries on rich ones. No one has detailed the impact of those decisions better than economists at the Economic Policy Institute.
If America’s business leaders spoke Norwegian, President Obama might not have to beg them to do the right thing. A new report offers a fascinating window into the Scandinavian business mind. Equality, many Nordic entrepreneurs believe, gives them a competitive edge.
Realigning the interests of CEOs with their employees and the rest of our country would be good for the economy and national morale.