by Summary:
Dean Baker explains how CEO pay has increased enormously over the past four decades while shareholder returns have remained low. Weak corporate governance has allowed management to 'capture' corporate boards – and push through massive executive pay increases. Baker shows how in many cases their compensation has nothing to do with the return to shareholders. Baker breaks down the CEO pay scam into four parts: patterns of CEO pay, the alternative argument for CEO pay, evidence that CEOs are overpaid, and why it matters. He asks the simple question of what is the CEO-to-worker compensation ratio, why is it so high, and is a fair market or highway robbery? While providing a brief explanation of why CEO pay increases may be justified, he provides evidence CEOs do not earn their pay. Special
Topics:
Dean Baker considers the following as important:
This could be interesting, too:
Dean Baker explains how CEO pay has increased enormously over the past four decades while shareholder returns have remained low. Weak corporate governance has allowed management to 'capture' corporate boards – and push through massive executive pay increases. Baker shows how in many cases their compensation has nothing to do with the return to shareholders. Baker breaks down the CEO pay scam into four parts: patterns of CEO pay, the alternative argument for CEO pay, evidence that CEOs are overpaid, and why it matters. He asks the simple question of what is the CEO-to-worker compensation ratio, why is it so high, and is a fair market or highway robbery? While providing a brief explanation of why CEO pay increases may be justified, he provides evidence CEOs do not earn their pay. Special
Topics:
Dean Baker considers the following as important:
This could be interesting, too:
Mike Norman writes Class
Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
Nick Falvo writes Homelessness planning during COVID
| Dean Baker explains how CEO pay has increased enormously over the past four decades while shareholder returns have remained low. Weak corporate governance has allowed management to 'capture' corporate boards – and push through massive executive pay increases. Baker shows how in many cases their compensation has nothing to do with the return to shareholders. Baker breaks down the CEO pay scam into four parts: patterns of CEO pay, the alternative argument for CEO pay, evidence that CEOs are overpaid, and why it matters. He asks the simple question of what is the CEO-to-worker compensation ratio, why is it so high, and is a fair market or highway robbery? While providing a brief explanation of why CEO pay increases may be justified, he provides evidence CEOs do not earn their pay. Special emphasis is on the CEO and shareholder relationship and the lack of consequences for famous CEOs like Robert Nardelli, John Stumpf, Dennis Muilenburg. Finally, Baker prescribes fixes to CEO pay such as using a "say on pay" legislation, giving minority shareholders more of a say, mutual fund proxy votes, and higher marginal tax rates. Learn more at http://unf-ckamerica.com ☆ How to Unf★ck America ☆ This series is all about solutions. Over the last four decades, the US economy has done quite well for the top 1%, but it has been stagnant for most Americans. This was not an accident, nor the natural workings of the market and certainly not an inevitability. US policies have been deliberately structured since 1980 to redistribute income upwards. In other words, the system has been rigged. Dean Baker shows us how public policy can be deployed to #UnfckAmerica. Over six episodes, Baker illustrates how even minor changes in public policy can help change our trajectory dramatically. It just takes the political will to recognize that the current situation is not insurmountable, and that change is achievable. Credits: Dean Baker, Matthew Kulvicki, Nick Alpha, Gonçalo Fonseca, Kurt Semm |