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...
When it comes to lottery prizes, $1 billion could be the new $1 million. Scientific Games Corp. SGMS, +1.45% last week announced a new “billion-dollar challenge” Willy Wonka Golden Ticket. The game is available in 11 U.S. states, and tickets priced at $10, with prizes...
On Wall Street, bonuses never sleep. Since 1985, they have soared 890%, seven times the rise in the federal minimum wage. The average Wall Street bonus rose 1% to $138,210 last year, but fell 15% the year before, more than twice the median U.S. household annual income...
The divide between the rich and not-so-rich in America can be seen most glaringly in the amount of money they give (and have stopped giving) to charitable causes. The average American household is giving far less to charity than it did a decade ago, but this hides two...
The average American household is giving far less to charity than it did a decade ago. Over the past 10 years, charitable giving deductions from lower-income donors have declined significantly, at almost the same rate that charitable giving from higher income donors...
Bonuses on Wall Street may have dropped in 2015, but traders and analysts working in the securities industry still made more in reward money than the combined earnings of Main Street’s minimum-wage workers. The bonus pool for 172,400 Wall Street employees was double...
This statistic might even make the 1% feel humbled. America’s 20 wealthiest people — a group that could fit in one Gulfstream G650 jet — are now worth $732 billion, which means they have more wealth than the 152 million people who make up the least wealthy 50% of U.S....
For most college students and 20-somethings, summer is a time to earn some extra cash as a life guard or ice cream scooper, build their resume doing grunt work at an investment bank or in a politician’s office and take frequent trips to the beach. But a small group...
To put that bonus-pool figure in perspective, it would be enough to more than double the pay of the more than 1 million full-time workers earning the federal minimum wage, which is currently $7.25 per hour, according to the Institute for Policy Studies.
Fuld is among the cast of characters enumerated in a retrospective report released by the Institute for Policy Studies: “Executive Excess 2013. Bailed Out, Booted, Busted: A 20-Year Review of America’s Top-Paid CEOs.” Before 2008, he made...
Big companies aligned with the Campaign to Fix the Debt stand to reap as much as $173 billion in windfalls if the U.S. shifts to a so-called “territorial” tax system, a report from a left-leaning think tank said on Wednesday.
“Before they start calling for cuts that will have a huge impact on ordinary Americans, they should look at the ways they’ve been contributing to the deficit,” said Sarah Anderson of the Institute for Policy Studies in Washington.
“These hot capital flows helped fuel asset bubbles in the Asian financial crisis of 1997, and they complicate the ability of central banks to control inflation and keep the value of the currency stable. “For now, such capital controls violate U.S. trade...
