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
In this episode
3 storiesPresident Obama Pushes His Jobs Bill in WH News Conference
At a White House news conference today, President Obama felt comfortable the Senate Democrats' plan for a surtax on millionaires to help pay for his jobs plan.
Read the story8 minWhat 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.
Read the story36 minRemembering Steve Jobs
Millions around the world are mourning the death of Steve Jobs last night at the age of 56. President Obama said he was "bold enough to believe he could change the world and talented enough to do it."
Read the story7 min
