Wealth

2:20pm

Tue April 22, 2014
The Salt

Fast-Food CEOs Earn Supersize Salaries; Workers Earn Small Potatoes

Originally published on Sat April 26, 2014 7:09 am

According to a new report, YUM! (owner of KFC, Taco Bell and Pizza Hut) compensated its CEO $22 million in 2013.
Paul Sakuma AP

At a time when fast-food workers make an average of about $9 an hour, what are the chief executives bringing home?

According to a new report, YUM! (owner of KFC, Taco Bell and Pizza Hut) compensated its CEO $22 million in 2013.

Chipotle's CEO took home $13.8 million in total compensation. And McDonald's CEO compensation totaled $7.7 million. (Compensation includes salary, bonus and the value of exercised options.)

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3:40pm

Sun April 6, 2014
Author Interviews

In Book's Trial Of U.S. Justice System, Wealth Gap Is Exhibit A

Originally published on Sun April 6, 2014 4:56 pm

Courtesy of Random House

Investigative journalist and author Matt Taibbi has long reported on American politics and business. With an old-school muckraker's nose for corruption, he examined the events leading up to the 2008 financial crisis in Griftopia. With Gonzo zeal, he described a two-party political system splintered into extreme factions in The Great Derangement.

And in his newest book, Taibbi sets out to explain what he thinks is a strange state of affairs:

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1:57pm

Mon September 16, 2013
Business

Bill Gates, Warren Buffett Again Top Forbes 400

Originally published on Mon September 16, 2013 2:46 pm

Larry Ellison, CEO of Oracle, is No. 3 on the Forbes 400 list of the wealthiest Americans.
Stephen Dunn Getty Images

It's mostly the usual suspects on the latest Forbes 400 list of the wealthiest Americans: Bill Gates tops the list for the 20th consecutive year, with a net worth of $72 billion, followed by investor Warren Buffett and Oracle CEO Larry Ellison.

The Koch brothers, Charles and David, tie for fourth place, while Walton family members with an interest in retail behemoth Wal-Mart occupy positions 6 through 9.

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1:43am

Thu September 12, 2013
Author Interviews

Tired Of Inequality? One Economist Says It'll Only Get Worse

Originally published on Thu September 12, 2013 7:57 am

Economist Tyler Cowen believes that income inequality in America is only increasing. His new book is called Average Is Over: Powering America Beyond the Age of the Great Stagnation.
Szasz-Fabian Ilka Erika iStockphoto.com

Economist Tyler Cowen has some advice for what to do about America's income inequality: Get used to it. In his latest book, Average Is Over, Cowen lays out his prediction for where the U.S. economy is heading, like it or not:

"I think we'll see a thinning out of the middle class," he tells NPR's Steve Inskeep. "We'll see a lot of individuals rising up to much greater wealth. And we'll also see more individuals clustering in a kind of lower-middle class existence."

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4:02pm

Tue September 10, 2013
Business

Study Says America's Income Gap Widest Since Great Depression

John Moore Getty Images

The gap between the 1 percent and the 99 percent is growing, according to an analysis of IRS figures by an international group of university economists, and it hasn't been so wide since 1928.

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