Work vs. Wealth

Now that the dust has settled from this year’s tax-filing scramble, here are a few facts to keep in mind as Congress moves closer to debating the expiring Bush tax cuts. By the end of 2010, those cuts, which began to take effect in 2001, will have cost our...

Resurrect the Estate Tax

Dan Duncan died at the end of March. The Houston gas pipeline mogul left behind a spouse, four children, four grandkids, and a fortune worth $9 billion. Duncan, a prominent philanthropist who supported cancer research and the Boy Scouts, left behind another...

Racial Wealth Divide now a Vast Gulf

The gap between the net worth of African American and white families has exploded in the past generation, according to new research released by scholars at Brandeis University. An initial wealth gap of $20,000 between black and white families expanded between 1984 and...

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...