Almost all of the publicly traded health insurers reported big increases in revenue and profits last year. The big winners have been the top executives of those companies, led by Mark Bertolini, CEO of Aetna, the nation's third largest health insurer.
The new record of already stratospheric executive pay is another sign that the staggering growth in the CEO-to-worker pay gap we've seen over the last half-century isn't changing anytime soon -- unless we step up and take action.
People complain about professional athletes being overpaid, but don't bat an eye when some hapless CEO who earns $6 million a year gets fired for incompetence, and then collects a $10 million Golden Parachute.
The U.S. Chamber of Commerce threw a little hissy fit last week, stomping its Gucci-shod feet over a new rule requiring corporations to report the difference in pay between their median workers and their CEOs.
Fortune 500 company is seeking a highly unproductive senior accountant to help inflate the cost of complying with a new federal law requiring that all publicly held corporations disclose the ratio between their CEO and median worker pay.
There's a battle royale raging in Chicago. It pits hedge funds, the Chicago financial exchanges, real estate interests and Mayor Rahm Emanuel on the one side, against public employee unions and community groups on the other.
Judith Rodin is president of The Rockefeller Foundation, which held $3.7 billion in assets as of its 2012 annual report. That year, the foundation distributed $130 million in grants and charitable activities while taking in a net investment income of $283 million.
A new book that's the talk of academia and the media shows that two-thirds of America's increase in income inequality over the past four decades is the result of steep raises given to the country's highest earners.
A new report shows that top CEOs were paid 331 times more than the average U.S. worker in 2013. At the same time, the poorest fifth of Americans paid an average tax rate of 11 percent while the richest one percent contributed half that rate at state and local levels.
In the end, stronger laws will be required to staunch the looting of American corporations by senior executives. Chair Camp's laudable tax measure constitutes an important expression that conservatives are willing to help, and we hope the Camp-Reed-Doggett effort sees success.
It's often assumed that people are paid what they're worth. According to this logic, minimum wage workers aren't worth more than the $7.25 an hour they now receive. If they were worth more, they'd earn more. Any attempt to force employers to pay them more will only kill jobs.