Economic Justice

Reining in CEO Pay Could Start With the Kingpins of Nonprofits

Sam Pizzigati / Inequality.org Apr 9, 2024 Nonprofits don’t have the political clout of their corporate counterparts, so balancing the CEO-worker pay ratio should be easier. Dig deeper ( 5 Min. Read )

Economic Justice

There’s Finally Some Hope on Excessive Executive Pay

Sam Pizzigati / Inequality.org Feb 12, 2024 A Delaware state court ruling has shaken up the the world of compensation for corporate CEOs. Dig deeper ( 5 Min. Read )

Technology

Elon Musk’s ‘Unfathomable’ Pay Package Is Null and Void

Sarah Anderson / Inequality.org Feb 1, 2024 The Musk ruling has huge implications and could lead to similar suits against other outrageous CEO pay packages. Dig deeper ( 5 Min. Read )

Business & Economy

The Big Three’s CEOs Are Ripping Off Their Companies

Dean Baker / Beat the Press Oct 3, 2023 Bloated CEO pay in the in the U.S. is indicative of a corrupt corporate governance structure. Dig deeper ( 3 Min. Read )

Economic Justice

The Tesla Take On Sharing Wealth

Sam Pizzigati / Inequality.org Aug 15, 2023 Corporations like Tesla that pay their top execs hundreds of times more than what they pay their workers should not get federal aid. Dig deeper ( 3 Min. Read )

Bernie Sanders Rallies Against ‘Greed’ of Billionaires Like Jeff Bezos

Kasia Anderson / Truthdig Aug 22, 2018 In an email to supporters, Sen. Bernie Sanders calls out billionaires for enriching themselves at others' expense. Dig deeper ( 4 Min. Read )

One Big Bill Clinton Campaign Promise That a President Hillary Should Finally Keep

By Robert Reich / RobertReich.org Sep 8, 2016 If elected, Hillary Clinton should fulfill a pledge of her husband's that fell through when he got to the White House: Bar companies from taking tax deductions on executive pay above $1 million. If elected, Hillary Clinton should fulfill a pledge of her husband's that fell through when he got to the White House: Bar companies from taking tax deductions on executive pay above $1 million. Dig deeper ( 4 Min. Read )

Were Top Corporate Executives Really Hogging Workers’ Wages?

By Andrew Kliman Sep 18, 2014 Thomas Piketty attributes rising inequality in the U.S. primarily to huge increases in the salaries of CEOs and other top executives, but he misinterprets the evidence. Rising salaries of top executives actually explain very little of the rise in inequality, and they depressed other employees’ pay by only a negligible amount. Dig deeper ( 14 Min. Read )

Swiss Curb Executive Greed; Will Anyone Follow?

William Pfaff / Truthdig Mar 6, 2013 Switzerland just had a referendum in which it voted to give company and bank shareholders veto rights over the salaries, bonuses and overall compensation packages of senior executives and board directors. Dig deeper ( 4 Min. Read )

Subsidizing the CEOs

Alexander Reed Kelly / Truthdig Aug 16, 2012 Twenty-six of the nation’s largest corporations paid their CEOs more than they spent on taxes in 2011, according to a report by the Institute for Policy Studies. Dig deeper ( 2 Min. Read )

CEO Pay: A Teeny-Weeny Secret for Rich Folk

Staff / Truthdig Jun 28, 2011 The House Financial Services Committee has voted to repeal a provision in last year's Dodd-Frank financial reform law requiring public corporations to report the ratio between CEO and median worker pay. (more) Dig deeper ( 1 Min. Read )

Free Market Madness

Marie Cocco / Truthdig Aug 30, 2007 With Labor Day approaching, it must not go unnoticed that Angelo Mozilo, chief executive of Countrywide Financial -- the company that has helped drive world markets into turmoil with its lending -- raked in $42.9 million last year. The Nobel laureate Harold Varmus, chief executive of the Memorial Sloan-Kettering Cancer Center, was paid $2.5 million. Dig deeper ( 3 Min. Read )