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Lloyd Blankfein Was Paid $19.9 Million Last Year

AP | STEVE ROTHWELL | Posted 04.05.2014 | Business

NEW YORK (AP) -- Goldman Sachs Chairman and CEO Lloyd Blankfein's total compensation rose by almost 50 percent to $19.9 million last year, boosted by ...

A Conservative Executive Pay Plan

Bartlett Naylor | Posted 03.24.2014 | Business
Bartlett Naylor

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.

The 'Paid-What-You're-Worth' Myth

Robert Reich | Posted 03.14.2014 | Business
Robert Reich

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.

Martin Feldstein, Director of the Day

Dean Baker | Posted 03.05.2014 | Business
Dean Baker

Martin Feldstein has long been one of the country's top conservative economists. He has been an economics professor at Harvard University since 1967. He was president of the National Bureau of Economic Research (NBER) from 1977 to 2008.

Erskine Bowles, Director of the Day

Dean Baker | Posted 02.26.2014 | Business
Dean Baker

Along with former Senator Alan Simpson, Erskine Bowles has become known to much of the public as the co-chair of President Obama's deficit commission. The two of them produced a report that is viewed by many in the media and leading Democrats in Congress as providing the basis for a "Grand Bargain" on a long-term deficit reduction package.

Corporate Cronyism: The Secret to Overpaid CEOs

Dean Baker | Posted 02.17.2014 | Business
Dean Baker

Excessive CEO pay matters not only because it takes away money that rightfully belongs to shareholders, which include pension funds and individuals with 401(k) retirement accounts. Excessive CEO pay is important because it sets a pattern for pay packages throughout the economy.

Former CEO: Executive Pay Is 'A Fraud'

The Huffington Post | Emily Cohn | Posted 02.14.2014 | Business

You can blame the stagnant economy on a "handful of women and men" who run the country's largest companies. And that's according to a man who used to ...

PAY PALS: Directors Benefit From Execs' Big Salaries

The Huffington Post | Posted 02.13.2014 | Business

CEO pay is determined by a company’s board of directors. Those directors are compensated for the time they spend shaping the company’s strategy. H...

Emily Swanson

Most Americans Think Executives' Pay Is Too High, Poll Shows

HuffingtonPost.com | Emily Swanson | Posted 02.13.2014 | Business

Two-thirds of Americans think that top corporate executives and CEOs are paid too much, and few Americans think they will ever enter the ranks of the ...

Ryan Grim

Exclusive Data Paints Troubling Picture Of Skyrocketing CEO Pay

HuffingtonPost.com | Ryan Grim | Posted 02.14.2014 | Business

The rise in U.S. income inequality in recent decades is largely due to massive wealth accumulating at the top of the income scale. The press and popul...

GM's First Female CEO Will Make A Lot More Than Her Predecessor

Reuters | Posted 02.10.2014 | Business

DETROIT, Feb 10 (Reuters) - General Motors Co's Mary Barra, the auto industry's first female chief executive officer, will be paid $14.4 million in ca...

How to Solve Economic Inequality From the Top Down

Sanjay Sanghoee | Posted 03.31.2014 | Business
Sanjay Sanghoee

In his SOTU speech, President Obama talked about the need to improve wages for all Americans, with a special emphasis on raising the minimum wage. But economic inequality exists as much because of oversized compensation at the top as it does because of inadequate pay at the bottom.

The State of Our Union's Inequality

Sarah Anderson | Posted 03.24.2014 | Politics
Sarah Anderson

There's no doubt that President Barack Obama will make inequality a major theme of his State of the Union address, just as Franklin Delano Roosevelt did in 1935.

Before Academics Complain About Conflicts of Interest, They Should Disclose Their Own

Nell Minow | Posted 03.02.2014 | Business
Nell Minow

Academics are influential, because they are perceived as uniquely able to evaluate all sides with equal rigor, free from bias or obligation. If that is to continue, they must be completely transparent about their sources of funding.

Workers Will Probably Still Be Getting Stiffed In 2014

The Huffington Post | Jillian Berman | Posted 12.27.2013 | Business

Ordinary Americans are paid too little considering the value of their labor, while CEOs are mostly overpaid, according to recent research. That's unli...

A Year of Delightful Egalitarian Imagination

Sam Pizzigati | Posted 02.25.2014 | Politics
Sam Pizzigati

People aren't just talking about how unequal we've become. They're talking about antidotes to the avarice all around us.

You're Secretly Subsidizing A Fast Food CEO's Million-Dollar Salary

The Huffington Post | Jillian Berman | Posted 12.05.2013 | Business

Fast-food giants save money by paying their typical workers very little, but they also save money by paying their CEOs millions, thanks to a quirk of ...

Proposal To Curb CEO Pay REJECTED

Reuters | Posted 01.24.2014 | Business

(Refiled to add dropped word "is" in 4th paragraph) * Outrage over rising income inequality behind proposal * Initiative...

Force Corporations to Reveal Worker Pay? Think of the Children!

Sarah Anderson | Posted 01.25.2014 | Business
Sarah Anderson

Corporate lobbyists have been hyperventilating ever since an amendment requiring firms to report their CEO-worker pay ratio slipped into the Dodd-Frank legislation.

The 10 Companies Paying Americans The Least

24/7 Wall Street | Michael B. Sauter, Thomas C. Frohlich and Alexander E.M. Hess | Posted 11.17.2013 | Business

24/7 Wall Street: This summer, thousands of fast-food workers in the United States went on strike in cities across the country, demanding their wages ...

Ill Will for Goodwill

Jeff Norman | Posted 01.23.2014 | Impact
Jeff Norman

Generally, nobody seems to think anything is wrong with doing volunteer work for a nonprofit. Would it satisfy critics, then, if Goodwill were to pay nothing rather than a small stipend?

The Mom Wars Conspiracy

Toni Nagy | Posted 01.23.2014 | Parents
Toni Nagy

We can point fingers and argue over the biological realities and psychological influences, but that is missing the point. Moms and dads feel inadequate, as it were only their fault that they can't be two in places at one time, when in reality, they are dealing with a systemic problem.

Son Of CEO 'Pulls Himself Up By Bootstraps'... To Become CEO

The Huffington Post | William Goodman | Posted 10.25.2013 | Comedy

If there's anything that truly defines the American dream, it's someone who pulls themselves up by the bootstraps in order to succeed; a person who ov...

Top-Tier CEO Pay Grew Nearly 15 Times Faster Than Worker Pay Last Year

The Huffington Post | Caroline Fairchild | Posted 10.22.2013 | Business

The chief executives of the biggest U.S. companies just keep seeing huge leaps in pay, leaving the average worker further and further behind. The m...

4 Reasons the SEC's New Ratio Test Will Not Decrease CEO Pay

Avi Sinensky | Posted 12.21.2013 | Business
Avi Sinensky

This proposal -- like some of the other rules implemented under Dodd-Frank -- will do little to accomplish the desired effect of narrowing the gap between employee compensation and executive compensation. If anything, it may have the opposite effect.