Since Congress is sitting on its hands, progress on reining in executive over-compensation is cropping up elsewhere.
IPS Global Economy Project Director Sarah Anderson’s current work includes research, writing, and networking on issues related to the impact of international trade, finance, and investment policies on inequality, sustainability, and human rights. Sarah is also a well-known expert on executive compensation, as the lead author of 16 annual “Executive Excess” reports that have received extensive media coverage.
In 2009, she served on an advisory committee to the Obama administration on bilateral investment treaties. In 2000, she served on the staff of the bipartisan International Financial Institutions Advisory Commission (“Meltzer Commission”), commissioned by the U.S. Congress to evaluate the World Bank and IMF. Sarah is also a board member of Jubilee USA Network and a co-author of the books Field Guide to the Global Economy (New Press, 2nd edition, 2005) and Alternatives to Economic Globalization (Berrett-Koehler, 2nd edition, 2004).
Prior to coming to IPS in 1992, Sarah was a consultant to the U.S. Agency for International Development (1989-1992) and an editor for the Deutsche Presse-Agentur (1988). She holds a Masters in International Affairs from The American University and a BA in Journalism from Northwestern University.
We're all footing the bill for bonuses the company's executives pocket and food stamps its underpaid workers obtain for survival.
A tiny tax on every financial transaction would curb Wall Street recklessness.
Raising the minimum wage would give our economy much more bang for the buck than we get from the financial industry's yearly windfalls.
The American people know a fake when they see it.
Obama should follow in FDR's footsteps and do something about the "overprivileged" as well as improving conditions for the poorest among us.