More than two months ago, House Democrats started the process of passing a bill that would gradually raise the federal minimum wage to $15 per hour.
Since then? Crickets.
Here's a look at the complex factors involved in making such a move. READ MORE
Corporate executive salaries are out of line
The United States has the largest wealth gap of most developed nations and the perils of income inequality have stirred up a debate between capitalism and socialism Opens a New Window. economic systems. READ MORE
C.E.O. Pay, America’s Economic ‘Miracle’
Annual-meeting season is unfolding for corporations, and the script is playing out as usual — chief executive officers will get their way. They may endure the verbal lashings of a couple of shareholders, perhaps face a slightly embarrassing “say on pay” vote about their princely income and then intone that after careful analysis, a compensation committee, advised by experts, unanimously approved their ridiculous pay package. READ MORE
Any day now, expect the AFL-CIO to produce another hugely inflated CEO-to-worker pay ratio, debunked in advance
Any day now, the AFL-CIO will report its annual CEO-to-worker pay ratio for 2018 based on a series of flawed statistical assumptions that results in a rather meaningless apples-to-oranges comparison and a wildly inflated ratio. See the labor oranization’s press release last year for CEO pay in 2017 and my criticisms of the AFL-CIO Executive Paywatch report here. READ MORE
Kamala Harris calls for fining companies over gender pay gap
Presidential candidate Sen. Kamala Harris is vowing to fine corporations that don’t take steps toward closing the gender pay gap. READ MORE
NCAA explores compensation for names, likeness
The NCAA is forming a working group to consider how its rules can be modified to allow college athletes to be compensated for use of their names, images and likenesses. The NCAA made it clear, however, that the group would not consider anything that could be construed as paying athletes. READ MORE
Pay-ratio disclosures put executive compensation, income inequality in spotlight
Walt Disney Co. CEO Robert Iger’s $65.6 million in compensation last year recently drew the public spotlight, but not just over how much he made. READ MORE
Costco store managers' 'surprising' 6-figure salaries revealed
Watch out, Walmart Opens a New Window. — Costco Opens a New Window. is trying to give its rival retail giant a run for its money (literally) when it comes to paying some of its top store managers. READ MORE
The 10 Most Popular Jobs for Recent College Graduates Right Now — and How Much They Pay
College graduation season is upon us. Yet for many soon-to-be alumni, there’s a still a big test on the horizon: The job hunt. READ MORE
The top 50 biotechs by market cap — and what their CEOs’ compensation deals tell us about biopharma
This is a very good time to be running a public biotech company.
After a string of good years for industry IPOs, we've seen a large wave of upstarts make the leap to the public markets. And the payoff in the annual sweepstakes of CEO compensation deals has been nothing less than extraordinary. READ MORE
Corporate tax on stock compensation gains board backing as it heads toward November ballot
A day before Uber’s expected stock market debut, Supervisor Gordon Mar announced he had the votes to place a corporate tax increase on stock-based compensation on the November ballot. READ MORE
Is $23 Million CEO Compensation The Reason Your Hospital Bill is So High?
Been to the hospital lately? Check in to Good Samaritan in Downers Grove or St. Lukes in Wisconsin? The former parent companies of those two hospitals, the Advocate and the Aurora Health Care Systems, joined up last year and the new hybrid, Advocate Aurora Health is now 27 hospitals huge! READ MORE
Walmart's store managers make $175,000 a year on average
Gender Pay Equity Analysis Is Here to Stay. Is Your Company Doing It Right?
Equal pay for equal work by people of different genders is top of mind for most companies in 2019, with a December World Economic Forum report noting the gender pay gap is on track to persist for the next twenty decades. READ MORE
For Lower-Paid Workers, the Robot Overlords Have Arrived
It’s time to stop worrying that robots will take our jobs—and start worrying that they will decide who gets jobs.
Millions of low-paid workers’ lives are increasingly governed by software and algorithms. This was starkly illustrated by a report last week that Amazon.com tracks the productivity of its employees and regularly fires those who underperform, with little human intervention. READ MORE
Mobile millionaires: Where the world's wealthiest are moving
More than 100,000 millionaires Opens a New Window. packed their bags and moved Opens a New Window. to an entirely new country last year, according to new research. READ MORE
10 jobs that still come with a traditional pension
A solid pension Opens a New Window. can be hard to come by.
While some older retirees Opens a New Window. rave about the benefits of their private pension plans Opens a New Window. , some modern-day workers are finding other ways to prepare for retirement — especially since those types of packages seem scarce nowadays. READ MORE
What the Media’s Most Powerful Executives Were Paid in 2018
The bosses and directors of the world’s largest media companies aren’t going to win many popularity contests. They anger a lot of people, including investors, when they approve out-of-whack pay packages for their CEOs. Their lavish salaries and generous awarding of stock options to key leaders enrage politicians on the left and threaten to become a political issue in the upcoming presidential election. And they appear to have been oblivious to women’s concerns as disclosures of sexual harassment and bullying at the companies they oversee piled up over the past year or so. READ MORE
Focus on taxes, compensation turns into tech-industry niche
Rebecca Conner has found her niche in the financial planning space.
Ms. Conner, founder of SeedSafe Financial in Seattle, is developing a bustling enterprise by blending her accounting background with her proximity to the tech industry and focusing largely on the unique compensation structures of employees at some of the world's largest technology companies. READ MORE
Zalando Brings Massive CEO Compensation Packages to Germany
Thrift and discretion have traditionally been seen as virtues in Germany—even in executive suites. Companies long resisted publishing individual compensation of top managers, whose pay is often a fraction of what many of their global peers receive. German chief executive officers rarely get more than €10 million ($11.2 million) annually. Volkswagen AG paid its CEO around €8 million last year, less than half the $22 million Mary Barra made at General Motors Co., even though VW’s sales are almost twice the size of GM’s. And on average, German leaders earn 97 times as much as employees, vs. 312 times as much at the biggest U.S. companies, according to the Economic Policy Institute in Washington. READ MORE