Unlikely Allies Warren and Vance Join Forces to Claw Back Banker Pay
Their bipartisan plan is a step forward, but regulators already have the power to crack down on Wall Street's reckless bonus culture.
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I moved away from my hometown of Litchfield, Minnesota, several decades ago, and since that time, my politics have veered to the left as those in my hometown have veered to the right. Donald Trump won my family’s western Minnesota congressional district by over 30 percentage points.
And yet, when I visit the church bazaars and county fairs or attend family reunions in my hometown, we always find common ground when it comes to wealth-hoarding corporate CEOs.
So I’m not surprised by national polls showing that both Democrats and Republicans have had it with CEO greed. Some 78% of US workers feel CEOs are overpaid compared to their employees, one poll found last year.
It may be even worse than they think.
by Sarah Anderson
Their bipartisan plan is a step forward, but regulators already have the power to crack down on Wall Street's reckless bonus culture.
by Sarah Anderson
/by Scott Klinger
/by Bella DeVaan
S&P 500 executives have stashed nearly $9 billion in special tax-deferred compensation plans not available to ordinary workers, our new report reveals.
by Sarah Anderson
Since 2008, growth in the average Wall Street bonus has far outstripped wage growth for ordinary U.S. workers.
