Wells Fargo CEO Should Pay Back All Scam-Inflated Pay

Wells Fargo CEO Should Pay Back All Scam-Inflated Pay

After being raked over the coals for one of the biggest scams in Wall Street history, Wells Fargo CEO John Stumpf has agreed to forfeit $41 million in compensation. Astoundingly, this is the first time a Wall Street banker has had to disgorge any of his ill-gotten...
Toward A Shared Prosperity

Toward A Shared Prosperity

At a time when the growing wealth gap is creating mounting anxiety in communities across the country, it is important to understand how corporate practices and policies may be affecting America’s ever-widening economic divide. From wage disparities and job retention...
Presidential Politicians Are All Bark, No Bite on CEO Pay

Presidential Politicians Are All Bark, No Bite on CEO Pay

Politicians love to beat up on overpaid CEOs. In the wake of the 2008 financial crash, Republican presidential candidate John McCain lashed out at executives of bailed-out banks, calling for their pay to be cut to the salary level of the President of the United...
The Failure of Bill Clinton’s CEO Pay Reform

The Failure of Bill Clinton’s CEO Pay Reform

President George H. W. Bush’s January 1992 trip to Tokyo will be forever remembered as the time he vomited in his Japanese host’s lap at a fancy banquet. What made many Americans more nauseated, though, was the stark contrast between the 12 over-paid American CEOs who...

Executive Excess 2016: The Wall Street CEO Bonus Loophole

For release Wednesday, August 31, 2016 at 7:30 PM This new study focuses on a 1993 Clinton administration reform that was intended to rein in runaway CEO pay by capping the tax deductibility of executive compensation at $1 million. But the new rule included a huge...
Executive Excess 2016: The Wall Street CEO Bonus Loophole

Executive Excess 2016: The Wall Street CEO Bonus Loophole

This report is the first to calculate how much taxpayers have been subsidizing executive bonuses at the nation’s largest banks. Find shareable graphics here. The study focuses on a 1993 Clinton administration reform that was intended to rein in runaway CEO pay...
Remembering Martin Sabo, A Champion of Fairness

Remembering Martin Sabo, A Champion of Fairness

 Minnesota Congressman Martin Olav Sabo died earlier this week, after retiring from Congress in 2006. Rep. Sabo was lead sponsor of legislation called the Income-Equity Act, which he championed for almost a decade. Sabo’s Act would have eliminated the tax...
Pensions Powered by Climate Change

Pensions Powered by Climate Change

If I had $17 million in savings, I’d take advantage of that financial security and retire early. That’s the average total retirement assets of chief executives at the top 30 U.S. oil, natural gas, and coal companies, according to a recent report by the Institute for...

Fast Food CEOs Gorge on Taxpayer-Subsidized Pay

Washington DC — Ordinary taxpayers are subsidizing exorbitant executive pay at the top fast food corporations, according to a new report by the Institute for Policy Studies. The report focuses on the loophole that allows corporations to deduct unlimited amounts from...
A Golden Rule that Might Chip Away at Inequality

A Golden Rule that Might Chip Away at Inequality

Watching grown men fulminate in public can be unnerving. Michael Piwowar and Daniel Gallagher — two distinctly CEO-friendly members of the federal Securities and Exchange Commission — recently did plenty of fulminating. Piwowar and Gallagher had little choice. They...
The CEO ‘Performance Pay’ Charade

The CEO ‘Performance Pay’ Charade

Note: This op-ed was distributed via the McClatchy-Tribune News Service. If anyone still believes this country has a “pay for performance” system for corporate executives, it’s time to put the notion to rest. For more than two decades, corporations have gotten away...
Why Supersized CEO Pay Is the Worst – in Three Charts

Why Supersized CEO Pay Is the Worst – in Three Charts

This originally appeared in The American Prospect. At the Institute for Policy Studies, we’ve tallied the top 25 highest-paid CEOs for each of the past 20 years. That’s a total of 500 richly rewarded executives—each one of whom made more in a week than average workers...