This is rich: America’s billionaires have earned enough money during the pandemic to pay for all of the working family relief in President Joe Biden’s coronavirus response plan. … Read the full article at MarketWatch.
Some of philanthropy’s heaviest hitters say they want Congress to reform tax laws so philanthropists can get money to those in need faster. … Read the full article at MarketWatch.
Monday’s top personal finance stories It would take 1,000 years for the average employee to earn what their CEO makes in just one, study says The Institute for Policy Studies report coincides with Bernie Sanders’s income inequality tax proposal. … Read the full...
This is rich. For the past two years, publicly held corporations have had to disclose the ratio between the compensation of their CEOs and the median compensation of their employees under the 2010 Dodd-Frank financial reform act. And while few American CEOs pocketed...
Former New York City mayor Michael Bloomberg’s $1.8 billion donation to Johns Hopkins University has made headlines for its sheer size — it’s the biggest gift ever to a single institution. The money, to be used for financial aid, will let the school open its doors to...
Wall Street professionals are on track for larger bonuses this year, but it may not last. Financial firms will award year-end bonuses of up to 20% larger this year versus last year, according to an analysis released Monday by Johnson Associates, a New York-based...
Beyond electing governors, members of the Senate and House, in 37 states, voters will decide on 155 statewide ballot measures. Those measures range from displaying the ten commandments on state property in Alabama to legalizing casino gambling in Florida. Additionally...
People with less are likely to give more. “Lower status” individuals share their wealth more so than their “higher status” counterparts, according to a study from the Queen Mary University of London. … Read the full article at...
Transparency on executive pay shows how the other half lives. Chief executive pay in the U.S. is among the highest in the world, according to a new report by the staff of Keith Ellison, a Democratic congressman for Minnesota. U.S. publicly-listed companies have begun...
The average chief executive of an S&P 500 company made $13.1 million per year in 2016 — equivalent to 347 times more money than the average worker, according to new data released Tuesday by Executive Pay Watch, a report conducted by the American Federation of...
