| Mar 18, 2014
| 10:30 AM
It's often assumed that people are paid what they're worth. According to this logic, minimum wage workers aren't worth more than the $7.25 an hour they now receive. If they were worth more, they'd earn more. Any attempt to force employers to pay them more...
| Oct 17, 2013
How can we bring down CEO pay?
That was one of the questions Congress grappled with when it passed the Dodd-Frank Act in 2010. The public was outraged at the lavish pay of chief executive officers in a period of recession, and legislators responded by...
| Nov 25, 2013
| 8:08 AM
Swiss voters soundly rejected a plan Sunday that would have limited executive compensation to no more than 12 times the lowest-paid employees' pay.
The measure, known as the "1:12 initiative," was defeated 65.3% to 34.7% even amid wide public...
| Sep 24, 2013
| 11:03 AM
At the very top, at least, there is some profit in the nonprofit world.
The Chronicle of Philanthropy's annual executive compensation study, released Tuesday, said 34 of the top execs of some of the nation's biggest charities and foundations made $1...
| Jan 7, 2014
The narrowly approved contract agreement between Boeing and its Washington state workforce will be hailed by some as a victory for the canny, hardball brinkmanship of Boeing's management and the knuckle-under economic pragmatism of the International...
| Dec 16, 2013
| 7:42 AM
AIG announced Monday it is selling its aircraft-leasing business International Lease Finance Corp. for $5.4 billion in cash and stocks to Netherlands-based AerCap Holdings.
The announced sale comes five years after American International Group first...
| Sep 14, 2013
| 5:00 AM
Accolades aren't all Gustavo Dudamel has reaped as conductor of the Los Angeles Philharmonic.
A recently filed public tax return for the L.A. Phil provides the latest glimpse of the financial dimension of being a classical music sensation. It also...
| Sep 19, 2013
| 5:49 PM
Former Labor Secretary Robert B. Reich, who served in the Clinton administration, warned during an interview of the perils of widening income inequality in the United States, excessive executive compensation and the future of labor.
Reich is promoting...
| Sep 25, 2013
| 10:22 AM
One can scarcely blame an appropriately-outraged Rep. Elijah E. Cummings for calling on AIG's Robert Benmosche to step down after the CEO compared the public criticism of the generous bonuses given top finance industry executives to lynchings in the...
| Sep 30, 2013
| 6:30 AM
Job growth is sputtering. So why aren't the captains of American industry and finance -- the nation's top CEOs, the titans of Wall Street, the corporate movers and shakers -- demanding that more be done to revive the economy? They have the political clout...
| Sep 30, 2013
| 6:30 AM
Jobs are returning with depressing slowness, and most of the new jobs pay less than the jobs that were lost in the Great Recession.
Economic determinists assume that globalization and technological advancement necessarily condemn a large portion of the...