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From Too Much | Greed at a Glance Newsletter

"The windfalls that go to CEOs like Gregg Steinhafel, one outspoken former CEO charged last week, lie “at the root of all corporate crimes and misbehavior.” In a Financial Times op-ed, ex-AT&T Broadband chief Leo Hindery called on Congress to cap executive pay at “a reasonable multiple of average employee compensation — say, 35 times — and then penalize through tax policies those companies that elect to pay anyone in excess of this multiple.” CEOs today, Hindery noted, make 400 times what their workers make. Added the business leader: “We are now far past the point where extreme disparity in compensation is primarily an ethical embarrassment: it has become a 30-year-old flesh-eating bacterium that is gnawing away at our economy.”


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'The new tax on America’s rich that House lawmakers have now adopted, to offset the cost of health care reform, sets an unexpected — and healthy — tax precedent'...