April 18, 2014 - The median pay for the top 100 highest-paid CEOs at America’s publicly traded companies was a handsome $13.9 million in 2013. That’s a 9 percent increase from the previous year, according to a new Equilar pay study for The New York Times.
These types of jumps in executive compensation may have more of an effect on our widening income inequality than previously thought. A new book that’s the talk of academia and the media, "Capital in the Twenty-First Century" by Thomas Piketty, a 42-year-old who teaches at the Paris School of Economics, shows that two-thirds of America’s increase in income inequality over the past four decades is the result of steep raises given to the country’s highest earners. read more>>>
April 18, 2014 - In this clip, economist Paul Krugman tells Bill that America is on the road to becoming a society controlled not by self-made men or women, but by their offspring. “Those of you who talk about the 1 percent, you don’t really get what’s going on. You’re living in the past. You’re living in the ’80s. You think that Gordon Gekko is the future,” he says, referring to the character in Wall Street, who became a symbol of unrestrained greed.