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Articles by Brandon Rees
The Right’s Fake Facts About Executive Pay
The right-wingers at the American Enterprise Institute just can’t seem to accept the fact that runaway CEO pay is increasing inequality. Their latest solution to the growing gap between CEO and worker pay: abolish the weekend! According to AEI, if everybody worked a 60-hour workweek, then the CEO-to-worker pay ratio would be only 132:1 instead of 347:1. But don’t American CEOs work long hours? I am sure many of them do.
Blocking Wall Street’s Revolving Door
At a surreal meeting in Bermuda, the AFL-CIO convinced 40 percent of Lazard shareholders to support a ban on golden parachutes for bank executives who go to work for financial regulators. Lazard’s annual meeting took place at the Elbow Beach Hotel in Bermuda. The Wall Street investment bank Lazard held its annual shareholder meeting April 19 at Bermuda’s luxurious Elbow Beach Hotel. Bermuda is known for its beautiful sandy beaches and, less flatteringly, as an offshore tax haven.
High CEO Pay Is Bad for Investors and Companies
In 2015, CEOs of S&P 500 companies received, on average, $12.4 million in total compensation. That was 335 times the average annual pay of production and non-supervisory workers. Brandon Rees In America, today’s CEO-to-worker pay ratios are far higher than historic levels. In 1980, BusinessWeek estimated that CEO pay at the largest companies averaged just 42 times that for rank and file workers.
Trump's Adviser on Wall Street Regulations Is a Longtime Swamp-Dweller
Former SEC Commisioner Paul S. Atkins, March 28, 2011. (Photo: Wikipedia)President-elect Donald Trump's transition-team adviser on financial policies and appointments, Paul Atkins, has been depicted as an ideological advocate of small government. But the ways that the Trump administration and Congressional Republicans are likely to approach financial deregulation could serve Atkins' wallet as well as his political agenda.
Blocking Wall Street's Revolving Door
The Wall Street investment bank Lazard held its annual shareholder meeting April 19 at Bermuda's luxurious Elbow Beach Hotel. Bermuda is known for its beautiful sandy beaches and, less flatteringly, as an offshore tax haven. Headquartered in New York City, Lazard is incorporated in Bermuda. Like a tax shelter that lacks economic substance, Lazard's shareholder meeting seemed empty of meaningful content.
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