Setting A Maximum Wage For CEOs Would Be Good For Everyone • Discoverology

Setting A Maximum Wage For CEOs Would Be Good For Everyone

aeon.co
7m read

A limit would help to slow the growth of economic inequality and prevent reckless risk-taking by CEOs who otherwise might feel motivated to try to drive up the stock price of their company and therefore their bonus.

Related topics
Related posts
The War on Poverty Is Over. Rich People Won.

The War on Poverty Is Over. Rich People Won.

Economics Life Politics

Why do so many Americans live in poverty? Because so many rich people benefit from it. This is the thesis of the lauded sociologist Matthew Desmond. He shows how employers, financial institutions, and landlords extract money from low-income families while rich families hoard opportunities for themselves.

‘Chronicle Is Dead And Google Killed It’

‘Chronicle Is Dead And Google Killed It’

Business Innovation Tech

In early 2018, Google’s parent conglomerate Alphabet announced the birth of a new “independent” startup that was supposed to revolutionize cybersecurity. Chronicle, Google’s moonshot cybersecurity startup that was supposed to completely change the industry, is imploding.

The Economy Of Italy, Has The Luck All Run Out?

The Economy Of Italy, Has The Luck All Run Out?

Economics Explainers Videos

Once the seat of the roman empire, it is now home to a surprisingly robust yet temperamental economy. The economy of Italy followed a path very similar to that of Germany’s all be it with a little more flamboyancy which has found them where they are today.

How Philadelphia Became The One And Only Cream Cheese

How Philadelphia Became The One And Only Cream Cheese

Business Food History

There is only one cream cheese, and that is the brick-shaped silver package with the bright blue lettering: Philadelphia. Philadelphia cream cheese’s dominance isn’t a happy accident. Its cult popularity is likely the result of equal parts clever marketing and good timing.

Life At The End Of American Empire

Life At The End Of American Empire

Economics Politics

The 2008 crisis and the government’s response made obvious the extent of economic and political inequality in the United States, and the absolute decline in wealth and well-being for a growing fraction of Americans. Evidence of decline is manifest to those of us living in America in the first decades of the 21st century.

If Everyone Hates Spirit Airlines, How Is It Making So Much Money?

If Everyone Hates Spirit Airlines, How Is It Making So Much Money?

Business

Spirit borrowed the unbundling model from Ryanair and AirAsia. Instead of thinking of a flight as a means of getting from point A to point B plus a certain set of extras and amenities built into the ticket price, an unbundled fare promised nothing more than the get-you-from-A-to-B part. Everything else would cost extra.

The Long-Forgotten Flight That Sent Boeing Off Course

The Long-Forgotten Flight That Sent Boeing Off Course

Business History

It was May 2001. And Boeing’s leaders, CEO Phil Condit and President Harry Stonecipher, had decided it was time to put some distance between themselves and the people actually making the company’s planes. How much distance? This flight—a PR stunt to end the two-month contest for Boeing’s new headquarters—would reveal the answer.

The Myth Of The Ethical Shopper

The Myth Of The Ethical Shopper

Business Economics Long Reads

What has happened in those sweatshops since they became a cultural fixation three decades ago? All sources led to the same conclusion: Boycotts have failed. Our clothes are being made in ways that advocacy campaigns can’t affect and in places they can’t reach. So how are we going to stop sweatshops now?

Iceland’s Big Bitcoin Heist

Iceland’s Big Bitcoin Heist

Business Crime Long Reads Tech

With its cheap geothermal energy and low crime rate, Iceland has become the world’s leading miner of digital currency. Then the crypto-crooks showed up. The thieves weren’t robbing banks. They were stealing the presses that print digital money.

The Rail Industry’s Secret, Decades-Long Fight Against The Climate

The Rail Industry’s Secret, Decades-Long Fight Against The Climate

Business Nature Science

For nearly 30 years, America’s four biggest rail companies—which move the majority of the country’s coal—have spent millions to deny climate science and block climate policy. They have joined or funded groups that attacked individual scientists and rejected reports from major scientific institutions.

The Spider’s Web: Britain’s Second Empire

The Spider’s Web: Britain’s Second Empire

Business Videos

Michael Oswald’s film The Spider’s Web reveals how at the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions.

The Malaysian Job: How Wall Street Enabled A Global Financial Scandal

The Malaysian Job: How Wall Street Enabled A Global Financial Scandal

Business Crime Long Reads

The story of possibly the largest fraud in financial history—in which, billions of dollars were diverted from a Malaysian sovereign-wealth fund called 1Malaysia Development Berhad into covert campaign-finance accounts, U.S. political campaigns, Hollywood movies, and the pockets of innumerable other recipients.

We use cookies on this website to analyse your use of our products and services, provide content from third parties and assist with our marketing efforts. Learn more about our use of cookies and available controls: cookie policy. Please be aware that your experience may be disrupted until you accept cookies.