Why wealthy business leaders are joining the call to end high CEO pay

Recently, Abigail Disney, the granddaughter of Disney’s cofounder, has been making no secret of her disapproval of the way things are going at the company now. Specifically, at Fast Company‘s Impact Council, she called current CEO Bob Iger’s $65.6 million compensation “insane,” and criticized the fact that it totaled approximately 1,424 times more than the median salary of a Disney employee. She later backed up her sentiment to The Guardian, saying “”No one on this freaking planet is worth that kind of money.” READ MORE

‘I Have to Earn My Living,’ Says AIG CEO After Close Shareholder Vote on His Pay

‘I Have to Earn My Living,’ Says AIG CEO After Close Shareholder Vote on His Pay READ MORE

Executive pay clawbacks could backfire, says study

Clawbacks on incentive-based compensation for executives could lead to misconduct and misreporting of financial results, according to a new academic study. READ MORE

Altera Case Loss Doesn’t Mean End of Litigation Fight

Intel’s subsidiary Altera Corp. failed again to win reversal of a federal appeals court decision that stock compensation expenses can’t be deducted from a company’s taxable income—a decision that could mean higher tax bills for tech companies that share the costs of intellectual property with their offshore units. READ MORE

Yes, a nationwide $15 minimum wage would be quite damaging

Praise be, we now have the economic research to prove that higher minimum wages have no ill effects, so let's push onward to $15 an hour for all, right? I predict that's what will be said about new research, even though that's not what the research actually says. READ MORE

Getting to know the ‘right’ people is key to getting the right salary

The people you know — and what they know about you — can be the key to landing a job, advancing in the workplace and getting paid what you are worth. READ MORE

Salary transparency helps to close the gender pay gap, but it also has a nasty side effect

A new study examines what happens when employees learn about each other’s pay READ MORE

How to Talk About Your Salary With Co-Workers

Breaking this taboo is crucial to getting paid what you’re worth—and it could help shrink the wage gap, too. READ MORE

This Is the Salary You Need to Afford the Average Home in Your State

Before you buy a home, it’s important to find out if you can afford the monthly mortgage payment.

To do this, some financial experts recommend your housing costs — primarily your mortgage payments — shouldn’t consume more than 30 percent of your monthly income. With this rule of thumb in mind, GOBankingRates looked at home prices and mortgage rates in every state and estimated the minimum salary needed to afford the average home. READ MORE

Here’s one powerful way to control CEO pay

Company shareholders are well-positioned to address income inequality by clamping down on sky high corporate pay, but new research says they’ll have to put their mouth where their money is. READ MORE

Wage theft a problem across industries, study says

After three years of driving for Omni Limousine, Kevin McSwiggin was fed up with his job.

According to filings with the U.S. District Court for Nevada, Omni employees were only paid an hourly wage if they were driving a client. Time spent cleaning the limo, completing paperwork, filling the vehicle with gas or verifying trip sheets was ignored. READ MORE

Rich states, poor states: How a federal minimum wage hike would widen the gap

With growing enthusiasm for lifting the federal minimum wage in Congress, it’s time to consider some data on wages and differences in the cost of living across the 50 states. The Raise the Wage Act, introduced by Rep. Bobby Scott, D-Va., in January with broad support from his party, would raise the federal minimum wage from the current $7.25 per hour (where it has been since 2009) to $15.00 in 2024. READ MORE

Time to read the tea leaves on exec comp

Executive compensation is a subject that populists are warming to, and it would be smarter for C-suite occupants to take action on their own than to let Washington do it for them when the economy sours. READ MORE

A model for exec comp? Look to the Friendly Confines.

CEOs don't hit home runs. They shouldn't be paid as if they did. READ MORE

Typical CEO pay package up 7% last year to a total $12 million

Did you get a 7% raise last year? Didn't think so. But, hey, if you did, then congratulations: Your raise was in line with what CEOs at the biggest companies got -- only for chief executives, that 7% was roughly $800,000 in additional compensation. READ MORE

CEO Pay: When investors give thumbs-down to soaring compensation packages

Shareholders are still voting overwhelmingly in favor of big pay packages for CEOs, but there are more pockets of resistance eight years after "Say on Pay" became a mandatory exercise at annual meetings. READ MORE

Musk Says His Tesla Compensation Was `Net Negative' Last Year

Tesla CEO Elon Musk said the compensation he received last year was “net negative” as he had paid for most of his company-related expenses, responding to a Twitter user’s comments on Wednesday. READ MORE

Compensation Aspirations: Our No-Longer-Pitiful Nonprofit Salaries

Quartz reports (a little belatedly) that the average compensation for workers at nonprofits was—as of 2014, the last year for which the numbers were available—$7.86 per hour higher than at for-profits. READ MORE

It’s Never Been Easier to Be a C.E.O., and the Pay Keeps Rising

Compensation for top bosses grew at double the pace of ordinary workers’ wages, according to our annual analysis. Topping the list: Elon Musk, with a $2.3 billion package. READ MORE

States With $15 Minimum Wage Laws Doubled This Year

The number of states that have enacted $15 hourly wage floors has doubled so far this year. And advocates pushing to raise the minimum wage have scored smaller victories elsewhere. READ MORE