Danielle was a guest with Jim Goddard on Talk Digital Network, talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here.
There is a reason that corporate executives have aggressively lobbied governments and regulators to not implement Section 953(b) of the Dodd-Frank Act, which is to take effect in January requiring firms to disclose the ratio of the CEO’s compensation to the median pay of company employees. Because at 300x the average workers pay (thanks to stock option bonus structures), the stats are grotesque, indefensible and embarrassing for all concerned. This graph says it all. That flat line along the bottom is typical worker pay.