For how long are we going to continue to ignore this while cutting back the safety net, gutting education, and threatening cuts to Social Security and Medicare? The Associated Press' Stephen Ohlemacher reports: The Internal Revenue Service tracks the tax returns with the 400 highest adjusted gross incomes each year. The average income on those [...]
The New York Times' Daniel Costello reports on how CEO pay at 200 major companies now stands at a median $9.6 million, a 12 percent increase over 2009. As Costello writes: The disparity is especially stark as companies are swimming in cash. In the fourth quarter, profits at American businesses were up an astounding 29.2 percent, the [...]
ProPublica's Marian Wang points to a report in the American Banker about the increases in banking industry pay despite the economic crisis: According to report yesterday in American Banker, even while the economy took a beating and unemployment soared, average pay in the banking industry continued rising at the same rate as it had before [...]
