Bill Moyers: The Plutocrats Are Winning. Don’t Let Them!
How citizens must fight plutocrats if they are to have any hope of preserving rule by the people.
Read more...Category Archives: CEO compensation
How Managerialsm/ Generic Management Damaged the American Red Cross
“Managerialism” is a form of looting: coast on an established brand name and goodwill while degrading the actual service in order to pay the top executives more.
Read more...Former California Official Blasts CalPERS CEO Anne Stausboll for “Betrayal of Trust”
A former state official shreds the process CalPERS used to hire scandal-ridden Florida attorney Robert Klausner as fiduciary counsel.
Read more...Global Tax Dodging Just One Part of Pfizer’s Corrupt Business Model
Pfizer whines about needing higher drug prices, when rather than investing, it has spent over 100% of its profits on stock buybacks and dividends.
Read more...10 Economic Facts that Power the Sanders Insurgency
Why are so many drawn to the Sanders message? It’s because so many of us want to stop our entire society from crumbling beneath the destructive power of runaway inequality.
Read more...CalPERS Changes Executive Bonus Procedure After We Alert Them of Violations, but Still Falls Well Short of CalSTRS on Transparency
We infromed theCalPERS’ board members that the manner in which they had awarded bonuses and salary increases to CalPERS executives fell short of the requirements of the Bagley-Keene Open Meeting Act of 2004. CalPERS took some steps to address the lapse.
Read more...Fifty Shades of Tax Dodging: How EU Helps Support Unjust Global Tax Systems
Tax is a major way to create incentives. Thus the debate about whether corporations should pay more taxes is not naive as the plutocrats would have you believe.
Read more...Weaker Unions Correlated with More Inequality, Higher Pay for Top Earners
The decline in union power plays an important role in explaining the rise in inequality in advanced economies.
Read more...Harvard Business Review Ranks Amazon’s Jeff Bezos as Most Predatory CEO
A new Harvard Business Review ranking shows Amazon’s Jeff Bezos as being the top predator among CEOs.
Read more...CEOs Call for Wage Increases for Workers to Address Inequality! What’s the Catch?
It is beginning to dawn on the top echelon that too much inequality is not good for them.
Read more...Reducing Risk-Taking by Regulating Bonuses: EU vs US Dodd-Frank
Bankers whinge about how much tougher their lives are in the post-crisis world. That is no small degree to central banks’ efforts to prop them up having caught up with their bottom lines
Read more...The 3 Most Ludicrous Corporate Arguments Against CEO-Worker Pay Disclosure
Public corporations and their lobbyists make intelligence-insulting arguments against Dodd-Frank mandated CEO-worker pay disclosure.
Read more...Who Benefits? – Rising Generic Drug Prices and the Case of Mylan’s Conflicted Property Purchases
It’s remarkable to see the level of obvious self-dealing at Mylan persist as long as it has. Be sure to read about how the former CEO was permitted to let his son use the company jet on behalf of his rock band.
Read more...Cringley on How the Bogus Shareholder Value Theory is Wrecking the Computer Industry (and America Generally)
Why the bogus idea that managers should focus on “maximizing shareholder value” is driving the American IT industry into the ditch.
Read more...New Study Debunks Myth That Exorbitant CEO Pay Results from “Talent”
In the last month or so, I’ve seen some remarkably dubious studies flogged around what Lambert calls the Innertubes, all ringing changes on the same themes: outsized pay for those at the top is a reflection of a state of nature. Fortunately, a new study from Lawrence Mishel and Alyssa Davis of the Economic Policy Institute has done the heavy lifting of shredding new, creative defenses of out-of-control CEO pay.
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