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CEO Pay: A Revealing Retrospective

CEO Pay: A Revealing Retrospective

Over the last 20 years, the annual lists of America’s highest-paid chief execs — our corporate ‘best and brightest’ — have included an amazingly high concentration of outright frauds and flops. On Wall Street, they’re giving Microsoft CEO Steve Ballmer the bum’s rush....

Racketeering Then and Racketeering Now

Back in Al Capone’s day, Prohibition helped give rise to a rash of epic crime-boss fortunes. In our day, deregulation has spawned on Wall Street an entire new generation of fabulously rich racketeers. What crimes did Al Capone, the notorious 1920s crime boss, have his...

Why Can't Democracy Trump Inequality?

Fifty years ago, average Americans lived in a society that had been growing — and had become — much more equal. In 1963, of every $100 in personal income, less than $10 went to the nation’s richest 1 percent. Americans today live in a land much more unequal. The...

Crocodile-Tear Time for America's Free Press

A rather ruthless billionaire has grabbed one of the world's great newspapers. But you don't have to be a high-tech plutocrat, the paper's previous regime has demonstrated, to help make our world more unequal. Jeff Bezos, the bezillionaire Amazon CEO, has bought the...

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