This is John Stumpf, CEO of Wells Fargo. From 2012 to 2015, his salary was $2.8 million a year. But Wells Fargo also gave him $155 million in stock options and bonuses that were tied to the company’s performance. The reason Wells Fargo paid him this way is because the...
Between 1983 and 2013, the average black household in America gained $18,000 in wealth — the sum total of everything they owned, from retirement accounts to houses. Over the same time period, the average white family gained $301,000. (Both are in 2013 dollars.) The...
When the world’s poor countries demanded action during the failing United Nations–led climate negotiations in Copenhagen in 2009, the US government responded with a promise: It would help raise $100 billion a year by 2020 to assist efforts to cope with climate change...
Peabody Energy, headquartered in St. Louis, Missouri, is the world’s largest private sector coal company, with operations across the world from China to Germany, and the largest producer of US coal. It is also the Absolute Worst. … Read the full article on...
… Late last week, we reported that the average Wall Street bonus totaled nearly $173,000 in 2014. Altogether, New York City’s nearly 170,000 securities industry employees took home $28.5 billion in bonuses, according to the New York Office of the State...
These statistics are for bonuses paid, not earned, in a particular year, so that $173,000 figure includes some money bankers earned in previous years but only collected in 2014. It doesn’t include bonuses bankers earned in 2014 but won’t receive until 2015...
