America’s leading CEOs got paid 14 percent more on average in 2019 — and their paychecks could grow again this year even amid the coronavirus pandemic, researchers say.
The chief executives at the top 350 US companies by sales raked in an average of $21.3 million last year, up from about $18.7 million in 2018, according to a Tuesday report from the Economic Policy Institute.
New York Post
August 18, 2020
Fueled by a surging stock market, CEO compensation climbed to its highest level in seven years last year and could be poised to rise again in 2020, despite the widespread layoffs and pay cuts of the coronavirus recession.
The Economic Policy Institute, a left-leaning think tank, found that chief executives of America’s 350 largest companies earned an average of $21.3 million in realized compensation in 2019, setting the ratio of CEO-to-worker pay at 320-to-1, up from 293-to-1 in 2018 and more than five times higher than the 61-to-1 ratio in 1989.
Washington Post
August 18, 2020
CEO earnings climbed to an average of more than $21 million in 2019 and could potentially still rise this year despite the coronavirus pandemic and its resulting economic downturn, according to a report released Tuesday.
The Economic Policy Institute (EPI), a left-leaning think tank, published a report that found CEO pay reached its highest point in seven years last year. A CEO at one of the top 350 companies in the U.S. was paid an average of $21.3 million — a 14 percent increase since 2018.
The Hill
August 18, 2020
Features interview with Valerie Wilson.
KTVU-TV
August 17, 2020
According to the Economic Policy Institute, every year teachers spend nearly $460 out their own pockets for school supplies. Because many schools will start the year distance learning, the needs this year are a bit different.
WJLA
August 17, 2020
Even before Covid-19, teachers were leaving the profession in droves. According to a report by the Economic Policy Institute, the national teacher shortage is looking dire. Every year, fewer and fewer people want to become teachers.
New York Times
August 17, 2020
Yet another form of racial injustice has largely been left out of the conversation: segregation, says Richard Rothstein, a distinguished fellow at the nonpartisan Economic Policy Institute and author of “The Color of Law: A Forgotten History of How Our Government Segregated America.”
“It’s not being talked about enough,” Rothstein says. “The attention to racial inequality that the Black Lives Matter movement has generated provides the opportunity to begin to consider the underlying residential segregation that perpetuates so much of the inequality, including police abuse, in this country.”
U.S. News & World Report
August 17, 2020
Eighteen organizations have issued a joint public comment on the Employee Benefits Security Administration’s proposed rule entitled “Improving Investment Advice for Workers and Retirees”. The comment was written on Aug. 5, 2020, and posted on Aug. 10, 2020:
The comment was co-signed by the Alliance for Retired Americans, American Federation of State, County and Municipal Employees, Americans for Financial Reform Education Fund, Center for Economic Integrity, Center for Economic Justice, the Committee for the Fiduciary Standard, Consumer Action, Delaware Community Reinvestment Action Council, Inc., Economic Policy Institute, Georgia Watch, International Federation of Professional and Technical Engineers, International Union of Bricklayers and Allied Craftworkers, Lynn Turner, Montrose Cones, National Committee to Preserve Social Security and Medicare, Pension Rights Center, Public Citizen, Take on Wall Street.
Insurance News Net
August 17, 2020
In a webinar Friday by the union-based Economic Policy Institute, economists ranging from George W. Bush economic advisor Glenn Hubbard to Barack Obama economic advisor Jason Furman said money from Washington was crucial to avoiding worsening the economic meltdown.
“We just went off the fiscal cliff” for states and cities, said Mark Zandi, chief economist of Moody’s Analytics. “And there is going to be real damage to the economy.”
The City
August 17, 2020