The movers and shakers of scandal-ridden Wall Street are busy scapegoating a 'few rotten apples' — and hoping the rest of us don't notice they're still holding billions in ill-gotten gains.
All those official government stats on the maldistribution of wealth in the United States — and the world — vastly understate the actual extent of our contemporary inequality, says a blockbuster new study on global tax havens.
The middle class is disappearing. Our economy is "hollowing out" because the money goes to the top and the people fall to the bottom. This is because we allow American companies to close factories here and open them there, shipping the same goods back here to sell in the same stores, costing jobs, companies, industries and our economy. more »
The Federal Reserve has once again counted up America's personal wealth — and omitted the nation's 400 richest from the final tally. But the new figures, even with that omission, show a divide still deepening.
Sugary soft drinks, as Michael Bloomberg reminds us, do our nation no good. But if we really want to narrow our waistbands, we’re going to have to narrow the income gaps that divide us.
A perfectly respectable business panel is urging corporate boards to ditch the ridiculous rationalizations for CEO pay excess and narrow the gargantuan corporate pay gap. Step one: end CEO stock options.
Facebook's initial public offering last week 'offered' the world another double dose of windfalls and greed. But Egypt's elections this week may bring an IPO of a different sort, the 'initial public offering' of an antidote to avarice.
A string of surprising 'say on pay' votes has some executive pay critics sensing an impending revolution in corporate boardrooms. But that 'revolution' won't amount to much until mainstream CEO pay reformers start factoring worker pay into the corporate compensation equation.
The rich see, the rich like, the rich refuse to take “no” for an answer. Welcome to the "super-prime" world of the footloose uber wealthy that business writers have begun to call the "stateless super rich." The rest of us get to gawk at the excess of this stateless rich — and foot the ultimate bill.
Bits and bytes would be doing a lot more to help make our lives less nasty, brutish, and short if we shared wealth as routinely as bandwidth. From San Francisco, a new lesson in that reality.
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