The Lineup: Week of August 30-September 5, 2010

Here’s what you’ll find in the latest OtherWords editorial package, which includes an op-ed by Kevin Shih regarding CEOs who unnecessarily slash jobs–a practice that earns them outrageous compensation and harms America’s economy. There’s...

Raking it in at Walmart

Chicago alderman Ed Smith tried to fight plans for Walmart to open a new store in his city by illustrating that its CEO Michael Duke’s $35 million annual compensation, “when converted to an hourly wage, worked out to $16,826.92,” ABC News reported....

CEOs Tip the Pay Scale

The CEO of TJ Max more than doubled his compensation to $14.8 million. The CEO of Gillette took home $16.5 million in stock and salary last year. The chief executive of Affiliated Managers Group Inc. was rewarded with $18 million. And Yahoo CEO Carol Bartz earned...
Greed in the Suites Gets a New Yardstick

Greed in the Suites Gets a New Yardstick

During the Great Depression, a pay package for the top executive at National City Bank–the Wall Street giant we know today as Citigroup–scandalized the nation. It clocked in at more than $1 million, sparking an angry Congress to make corporations disclose...
My Cat is No Fat Cat

My Cat is No Fat Cat

It’s a good thing my long-haired calico Hyacinth can’t read the newspaper. Otherwise I’m sure she’d be deeply offended by all the recent headlines about “fat cats.” President Obama used the derogatory term in an interview on...