FROM Robert Monks
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?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?
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.
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.