The idea behind setting executive pay this way, known as “peer benchmarking,” is to keep talented bosses from leaving. But the practice has long been controversial because, as critics have pointed out, if every company tries to keep up with or exceed the median pay for executives, executive … [Read more...]

"Class warfare? You bet. As Buffett has said so eloquently, this country has been engaged in class warfare for decades, and guess what? His class won. It is now time to stand up and fight for fairness for the middle class and a balanced approach for working-class families, who have labored just as … [Read more...]

-- Between 1977 and 2007, the top 1% earners' share of national income jumped from roughly 9% to 23.5%, a level only bested once in our history -- in 1928. -- The CEO-to-worker pay ratio has also skyrocketed: At the start of the 1980s, CEOs made roughly 40 times as much as bottom-rung workers; by … [Read more...]