To the Point
Executive Pay and Corporate Failure
One reason for income inequality in the US is the soaring pay of corporate executives, even when their companies are not doing well. At the same time, the wages of workers are on the decline...
By Warren Olney • • 50m ListenOne of the reasons for income inequality in the United States 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. We hear what goes on in corporate boardrooms and what it means for the economy. Also, President Obama pushes his jobs bill in a White House news conference. On Reporter's Notebook, the US and the digital world have lost an icon. We look at the extraordinary contribution of Steve Jobs, who died yesterday at the age of 56.
Banner image: Countrywide Financial headquarters in Calabasas, California. Photo by David McNew/Getty Images
