Elon Musk is the envy of chief executive officers. Not so much for his spaceship, “Saturday Night Live” appearance or Twitter fame, but for that thing he got three years ago: the biggest CEO pay package in history. … Read the full article at...
Democrats and Republicans on the House Budget Committee disagreed not only about how to tackle economic inequality, but also over whether President Donald Trump and the GOP have made the problem better or worse. Republicans argued at a panel hearing Thursday that...
In this charitable giving season, elite universities are cashing in on the popularity of donor-advised funds by inviting big givers to have their money managed by the same high-powered investors who oversee their endowments. If you have enough cash to give away, Yale,...
In this charitable giving season, elite universities are cashing in on the popularity of donor-advised funds by inviting big givers to have their money managed by the same high-powered investors who oversee their endowments. If you have enough cash to give away, Yale,...
On the Tuesday, September 11 edition of Bloomberg Baystate Business we spoke with Dr. Pablo Cagnoni, CEO of Rubius Therapeutics, about the new technologies being developed by his company. Bloomberg News biotech reporter Rebecca Spalding also joined us to talk about...
Leaked pages of President Donald Trump’s 2005 tax return offer no new details about his foreign income and business dealings but highlight a tax he’s vowed to abolish. The alternative minimum tax, or AMT, was responsible for 80 percent of Trump’s 2005 federal income...
Investors including Trillium Asset Management and Zevin Asset Management are calling on U.S. companies to help the fight against income inequality, amid concerns the Trump White House won’t support lifting the minimum wage to a “living wage.”...
Chief executive officers are poised to collect an additional retirement windfall if President-elect Donald Trump succeeds in cutting the taxes of the highest U.S. earners, according to a new study. The CEOs of Fortune 500 companies, who had accumulated almost $3...
Congress sent a message to financial regulators in 2010: no more pay that encourages Wall Street to take extra-large risks. Since 2011, the average bonus at New York securities firms has climbed 31 percent. The debate over reining in financial-industry compensation...
Four years ago, Manhattan therapist Clay Cockrell met a patient with an unusual problem. The 21-year-old college senior said he’d recently received traumatic news. “He seemed scared,” Cockrell recalls. “Like, really scared. He wasn’t sure he could trust me, so for the...
Vermont Senator Bernie Sanders distanced himself from the Eisenhower-era top marginal tax rate of 90 percent during last week’s Democratic presidential debate, but as he prepares to detail his support of democratic socialism in a major speech Thursday, documents from...
At the opposite end of the spectrum are the retirement plans of chief executives. As a group, not surprisingly, they are doing exceedingly well. As Bloomberg reported Wednesday, “The retirement savings accumulated by just 100 chief executives are equal to the entire...
The retirement savings accumulated by just 100 chief executives are equal to the entire retirement accounts of 41 percent of U.S. families — or more than 116 million people, a new study finds. In a report scheduled for release today, the Center for Effective...
