The financial crisis wreaked havoc on ordinary Americans while leaving many CEOs unscathed. So federal reforms, including the 2010 Dodd-Frank law, required companies to disclose their CEO-to-worker pay ratio. But for various reasons, they didn't do it, so Bloomberg News did the legwork. The news service... Read More »
The latest fun figure about our country's growing income inequality: The average big company CEO earns 354 times that of the average rank-and-file worker.
That statistic comes courtesy of the AFL-CIO, the largest federation of trade unions in the country, which has been tracking this ratio since 1996, according... Read More »
In a stirring Bloomberg BusinessWeek article, Leslie Patton tells the story of one McDonald's employee. His name is Tyree Johnson. The 44-year-old has worked at the fast food chain for two decades, yet still makes just $8.25 an hour, and doesn't get 40 hours a week of work. So Johnson has jobs at two Chicago... Read More »
In an era when so many American workers have seen their wages stagnate or even fall, paychecks for top executives have climbed astronomically higher. And higher.
A new report shows that despite public outrage, the trend continues. Salaries for the 200 top-paid CEOs rose 5 percent last year to a median $14.5... Read More »
LONDON -- The chief executive of Aviva, Britain's largest insurer, has resigned following a shareholder revolt over executive pay, the company said Tuesday.
The company gave no explanation for the decision by Andrew Moss, who had been CEO since 2007, to step down a week after shareholders voted against the... Read More »
It's that time of year again, when proxies are released and many business publications run lists of the highest paid CEOs at America's large public companies. The compensation figures are extraordinarily high, sometimes ranging into the tens of millions of dollars. At 24/7 Wall St., we wanted to see whether... Read More »
With end of year economics reports coming out and pundits predicting possibilities for 2010, job seekers are finding multiple reasons both to cheer and jeer.
In a recent interview on ABC's This Week, White House economic adviser Lawrence Summers said he believes Spring will see a marked... Read More »