BLOG

Capitalist-style wealth gap: 1 tech guy = 1,000,000 teachers

By Paul Buchheit ~ Nation of Change ~ Capitalism is a perfect system for people like this, who care only about making more money than everyone else, and fail to grasp the importance of a healthy, working society. As of 01/20/19, the richest six American tech leaders (Bezos, Gates, Zuckerberg, Ellison, Page, Brin) averaged over $80 billion in net worth. Meanwhile, the 25 million Americans just above the median, many of them teachers,…

Read more Leave a comment

CEO compensation surged in 2017

By Lawrence Mishel and Jessica Schieder ~ Economic Policy Institute ~ What this report finds: This report looks at trends in chief executive officer (CEO) compensation, using two different measures. The first measure includes stock options realized (in addition to salary, bonuses, restricted stock grants, and long-term incentive payouts). By this measure, in 2017 the average CEO of the 350 largest firms in the U.S. received $18.9 million in compensation,…

Read more Leave a comment