1. The Outrageous Ascent of CEO Pay

    The Outrageous Ascent of CEO Pay

    The Securities and Exchange Commission just ruled that large publicly held corporations must disclose the ratios of the pay of their top CEOs to the pay of their median workers. About time. For the last thirty years almost all incentives operating on American corporations have resulted in lower pay for average workers and higher pay for CEOs and other top executives. Consider that in 1965, CEOs of America's largest corporations were paid, on average, 20 times the pay of average workers...

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