CEOs Need to Run for Sheriff Just Once
The financial system was supposedly broke. America wants the CEOs begging for cash to act like broke people.
The financial system was supposedly broke. America wants the CEOs begging for cash to act like broke people.
Amitai Etzioni | Posted 11.17.2008 | Business
A salary cap would leave CEOs free to do what is best for their corporations, the economy, and families -- rather than focus on ways to jack up the price of their stock each quarter.
Washington Post | Heather Landy | Posted 11.15.2008 | Business
The public's indignation over lavish executive pay has rippled beyond the circles of activist investors and corporate governance watchdogs, who for ye...
Harry Moroz | Posted 11.13.2008 | Business
This morning, Senator Chris Dodd warned that Congress might take a step that would send shivers down the spines of every CEO: federal caps on executive pay.
Gerald McEntee | Posted 10.04.2008 | Politics
More than 750,000 people have lost their jobs since the beginning of the year -- 160,000 last month alone, the most in more than 5 years.
Denis Campbell | Posted 09.25.2008 | Home
They took assets (mortgages) re-packaged them as securities (sub prime paper) and sold them making huge commissions. Now they want a package in which the government buys the bad debt paper while they make money on the transaction, and a commission when the loan is re-sold, while the taxpayers hold the bag.
Robert Weissman | Posted 09.25.2008 | Business
The Wall Street salary structure has helped set the standard for CEO pay across the economy, and helped establish a culture where executives consider outlandish pay packages the norm.
Pete Cenedella | Posted 09.25.2008 | Politics
Bush is playing dumb so we won't notice that his final stroke in office will be to make the Republican Revolution permanent and impossible to repeal for decades to come.
Charlie Cray | Posted 09.22.2008 | Business
They're talking about pushing through the largest bailout in history without any hearings. No time to debate the issues. Just ram it through. That says a lot by itself. Shock doctrine, anyone?
Robert Weissman | Posted 09.11.2008 | Business
It's pretty hard these days to justify astronomical executive pay. In 2007, the average CEO's pay of $10.5 million was 344 times higher on average than the average worker's wage.
Margaret Blair and Ralph Gomory | Posted 09.05.2008 | Business
In the rush to globalization, the United States has tossed aside a crucial principle that guided the economic prosperity of the twentieth century: co...
Robert Weissman | Posted 06.24.2008 | Business
Soaring private jet use reflects skyrocketing wealth inequality, in the United States and globally. Also, private jet use is subsidized as well by commercial air traffic.
Diane Francis | Posted 06.16.2008 | Business
McCain can "pledge" to reform Wall Street business practices all he wants, but he hasn't walked the walk in the Senate in past years, nor has his party ever done so.
LA Times | Scott DeCarlo | Posted 05.08.2008 | Business
After a 38% collective pay raise in 2006, chief executives of the 500 biggest companies in the U.S. (as measured by a composite ranking of sales, prof...
Henry Blodget | Posted 04.22.2008 | Business
Take the job after an economic downturn, announce "new era" for Your Bank, have PR people place a Fortune cover story about you, and sit in your chair for three years and collect at least $50 million.
AP | Posted 04.12.2008 | Business
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Stewart Acuff | Posted 03.12.2008 | Politics
By Stewart Acuff, Organizing Director, AFL-CIO, and Sheldon Friedman, Research Coordinator, AFL-CIO Voice@Work Campaign A hearing Friday by the House...
John Sweeney | Posted 02.08.2008 | Politics
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New York Times | Dealbook | Posted 01.31.2008 | Business
Bruce Wasserstein is an important rainmaker at Lazard, the investment bank he runs. But, wonders Breakingviews, is he really worth more to the busine...
Reuters | Posted 01.31.2008 | Business
Merrill Lynch & Co Inc (MER.N: Quote, Profile, Research) said on Wednesday top executives did not receive bonuses for 2007 after the world's largest b...
Robert Weissman | Posted 01.29.2008 | Business
The concentration of wealth and income reflects a major shift over the last three decades in how the United States shares its earnings.
Reuters Via USA Today | Jonathan Stempel | Posted 01.25.2008 | Business
Citigroup (C) awarded Chief Executive Vikram Pandit $26.7 million worth of shares and 3 million stock options six weeks after he took over the largest...
Reuters | Posted 12.20.2007 | Business
With many U.S. chief executives taking home millions of dollars in pay, it is no shock that average workers regards them as overpaid. But that attitud...
AP | Stephen Bernard | Posted 12.19.2007 | Business
"Deeply disappointing" fourth-quarter writedowns have Morgan Stanley Chief Executive John Mack bypassing his year-end bonus -- and he is unlikely to b...
New York Times | Eric Dash | Posted 12.07.2007 | Business
In one of the largest corporate pay give-backs ever, William W. McGuire, the former chief executive of UnitedHealth Group, has agreed to forfeit at le...
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Don McNay | Posted 11.20.2008 | Business