Two recent metrics examine 2010 take-home among the super-rich — that top one-hundredth of one percent of Americans whose median household income exceeds $27 million a year, nearly 1,000 times what the bottom 90 percent of Americans make. USA Today’s CEO pay survey and a look at hedge More…
How much money is flowing from corporate treasuries into this year’s midterm elections? The answer, as numerous commentators have pointed out, will likely never be known for sure, as many of the political groups assumed to be receiving the most corporate money are registered under sections of the tax code More…
BP CEO Robert Dudley declined an invitation to testify before the House Select Committee on Energy Independence and Global Warming on the oil spill, arguing that he must instead focus on his new role at the company.
In an Oct. 22 letter to committee Chairman Edward Markey (D-Mass.), Dudley More…
The CEO of Netflix, the wildly successful Internet company that rents DVDs via the mail, says President Obama is off the mark in trying to cap executive compensation. In an op-ed in The New York Times today, Reed Hastings writes that the government should take in taxes half of More…
Is the sky falling? Are pigs flying? Apparently Wall Street executives have become sensitive to the fact that while people are losing their jobs and their homes, financial industry executives are getting set to reap big year-end bonuses, courtesy of the American taxpayer.
They’re actually thinking of curbing some of More…
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