FROM Brad Klontz
Executive Pay and Corporate Failure One of the reasons for income inequality in the US is the skyrocketing pay of corporate executives, even when their companies are not doing well. At the same time, the wages of workers are on the decline. Shareholders in Amgen, one of America's largest biotech firms, lost three percent of their investments in 2010, seven percent overall in five years. Located in Thousand Oaks, the company was closing plants and trimming the work force from 20,000 to 17,400. Chief Executive Kevin Sharer had been making $15 million a year, with perks that included two corporate jets. We hear what goes on in corporate boardrooms and what it means for the economy.
What Do Climbing Executive Salaries Mean for the Rest of Us? In recent years, compensation for corporate executives has quadrupled in constant dollars while pay for wage-earners has been steadily going down. That's true even for CEO's whose companies are not delivering for their shareholders. Shareholders in one of America's largest biotech firms lost three percent of their investments in 2010, seven percent overall in five years. Amgen was closing plants and trimming the work force from 20,000 to 17,400. Chief Executive Kevin Sharer had been making $15 million a year, with perks that included two corporate jets. We hear that corporate boards of directors determine executive pay based not on performance but on what other companies pay their executives. What did that have to do with the collapse of the economy? How dangerous are America's growing gaps in wealth and income?
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
Terrorism and tweets, hate speech and murder Just days before an election, Britain is coping with a rash of deadly terrorism, and Prime Minister Theresa May is on the defensive. And again today, President Trump has tweeted criticism of the Mayor of London. Later, a double murder in Portland, Oregon has revealed the ugly past of a supposedly “progressive” city. One immediate question: is “hate speech” protected by the First Amendment?
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.