CEO pay is ballooning thanks to tax breaks that turn bonuses into government subsidies for Corporate America.
Corporate leaders have mounted a furious campaign to derail a proposed Securities and Exchange Commission rule that requires publicly traded companies to annually disclose the ratio of their CEO to median employee pay. But the public is backing the rule.
Fast food corporations are pocketing massive taxpayer subsidies for CEO pay while working to keep low-level worker wages so low that many must rely on public assistance.
If the minimum wage had grown at the same rate since 1960 as the earnings of the top 1 percent of Americans, the federal wage floor would be more than triple the current hourly minimum of $7.25.
The same share of America’s wealth that was held by the 1,500 wealthiest Americans 31 years ago is held by just 51 Americans today.
London’s mayor well on the way to becoming the world’s most unabashed apologist for inequality.
Coincidence? The only mega retailer to resist turkey day sales turns out to be Costco, the mega retailer with the smallest pay gap between execs and workers.
The windfall for incoming Time Warner CEO Robert Marcus could come just days after he becomes the company’s chief exec in January.
Of the top 10 richest Americans, six hail from two families that are destroying our economy and corrupting our politics.
After the Pope’s latest comments, says one Catholic University theologian, “there’s no way a Catholic who is a serious intellectual can ever again not address the issue of income inequality.”
But reining in huge executive payouts remains popular in and outside Switzerland.
A new global index is rating societies by the level of fun they foster, and inequality figures prominently in the ratings.
Swiss corporations are predicting doom and gloom should voters opt this Sunday to cap CEO pay at 12 times worker pay. But Victorinox, the iconic Swiss firm that makes red pen knives, is prospering with a CEO who makes just six times the pay of the company’s lowest-paid worker.
We don’t need mega millionaires to nurture artistic progress: the inspiring story of Herb and Dorothy Vogel, postal worker and librarian.
Perhaps the United States should cap CEO pay at 100 times the minimum wage, a variation on the 1:12 ratio proposition the Swiss wull vote on this Sunday.
The corporate lobbyists opposing proposed new federal regs that require companies to disclose the ratio between their CEO and worker pay haven’t been able to come up with arguments that pass the laugh test.
The gap between the highest 20 percent of income earners and the lowest has increased by 50 percent in Greece since austerity policies took hold in 2009.
In the current budget debate, the loudest calls for Social Security cuts are coming from two lobby groups led by CEOs who will never have to worry about their own retirement security.
The evidence, new report shows, does not support the notion that technological change is driving expanding wage inequality.
Who has benefited the most in the five years since the U.S. Federal Reserve began its current policy line? The data suggest a clear winner: Those fortunate enough to hold large stock portfolios.
Over the last 35 years, Lee Valley Tools, a Canadian firm with over $100 million in annual sales, has never paid its top executive over 10 times the wage of its lowest-paid worker.
Over the last three decades, incomes have risen 15 percent for Chile’s bottom 90 percent and 150 percent for the top 1 percent.
Corporate Switzerland is going all-out to stop a November 24 ballot initiative that would limit CEO compensation to 12 times worker pay.
The United States hosts 515 billionaires with a combined net worth of more than $2 trillion. Nearly 100 of them call New York City home.
Tax loopholes that enable corporations to deduct off their taxes CEO pay in excess of $1 million, says an eye-opening new report, could be costing American taxpayers hundreds of millions of dollars every year.
Some big investors are worrying that increasing income and wealth gaps threaten the economy’s ability to expand. They also fret that public anger over inequality is creating dangerous political tensions.
A detailed look at increasing economic segregation in the nation’s capital and beyond.
Announces New York mayor-elect Bill de Blasio in his victory speech: “We will bring an end to inequality in this city.”
Topping the list: Sebastian-Vero Beach, Florida, where 17.2 percent of households live in poverty and 7.1 percent have incomes over $200,000.
Scientists explain how inequality undermines well-being at both ends of the income spectrum.
In 2009, new IRS figures show, America’s highest 400 incomes averaged $202 million each and faced a total rate under 20 percent.
An influential billionaire is telling America that developed economies work best with inequality “at a minimum.”
The economy has grown considerably slower than predicted. The incomes of the wealthy, by contrast, have jumped.
East Carroll Parish, Louisiana, has the nation’s highest level of income inequality — and can help us understand why inequality endangers us all.
Amid the non-stop political fireworks over border control and migration policy, we pay surprisingly little attention to the global economic forces that drive the mass movement of people. The most fundamental of these: inequality.
A truly sustainable society, says the world’s most insightful ecological economist, needs both an income minimum and income maximum.
On the latest trend in billion-dollar fortunes.
The president of America’s Steelworkers union is calling on corporate boards “to behave more like Pope Francis, banishing imperial CEOs and rejecting royal pay package demands.”
New York mayoral candidate Bill de Blasio ought to be expanding his tax plan to include the super rich who spend less than half the year in the city.
Swiss voters will decide November 24 whether or not to prevent CEOs from making more in less than a month than their workers can make in a year.