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Stop Paying Executives for Performance

For chief executives and other senior leaders, it is not unusual for 60-80% of their pay to be tied to performance – whether performance is measured by quarterly earnings, stock prices, or something else. And yet from a review of the research on incentives and motivation, it is wholly unclear why such a large proportion of these executives’ compensation packages …

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Ralph Nader – Big Crony CEO Pay Grab–Effects Beyond Greed!

As the New Year gets underway, the highest-paid CEOs of many large corporations have already paid themselves more than the average worker will earn in the entire year!  By the end of the first week of January, the highest-paid CEOs had already made as much as their average workers will earn over 8 years. An analysis by Equilar, a consulting …

With Banks ‘Still Too Big to Fail,’ Another Financial Meltdown Looms – Deirdre Fulton

Seven years after the financial crisis began, many of the conditions that helped cause the near collapse of the U.S. banking system—and that were used to justify the multi-trillion-dollar U.S. government bailout of mammoth financial institutions—endure, warns a new report from the Corporate Reform Coalition (CRC). Titled Still Too Big to Fail (pdf), Thursday’s report charges that since the meltdown began in …

Five dollar airplane on a financial report

Fighting Dark Money to Restore Our Democracy

It’s no secret that since the U.S. Supreme Court’s 2010 Citizens United decision approved unrestricted campaign spending by corporations, elections have been drowning in a flood of what’s referred as “dark money.” Much of it has been passed through so-called social advocacy groups, such as the Koch Brothers-founded Americans for Prosperity, which don’t have to reveal the source of the money …