Highest-paid CEOs in US are often fired or fined: Study [Reuters]
About 40 percent of the highest-paid CEOs in the United States over the past 20 years eventually ended up being fired, paying fraud-related fines or settlements, or accepting government bailout money, according to a study released Wednesday.
A Simple Solution That Made a Hard Problem More Difficult [DealBook]
Congressional leaders, in their rage against ever-rising executive compensation and income inequality, have created more murkiness. The irony is that it all came out of such a simple-sounding idea: requiring that the pay of a company’s chief executive be compared to the median salary of its employees. Carrying out the law may well result in costs that are just as obscene as the pay it is disclosing.
Addressing the “New Hungry” with the Charitable Deduction [Tax Foundation]
Representatives Sandy Levin (D-MI) and Jim Gerlach (R-PA) of the House Ways and Means Committee have suggested a permanent extension and increase from 10 percent to 15 percent in charitable deductions for businesses donating food inventory as a method of providing further relief to those in need. […] But charitable contributions represent a murky area because they incentivize private giving for public benefit. The key to deciding whether or not to keep them is to measure the social benefits of giving to charities versus collecting more revenue to use on other programs, or broad-based tax reductions.
Protests that began in New York last year are spreading to cities including Boston, Chicago, Denver, San Diego and Indianapolis, according to the Service Employees International Union, which is advising the strikers. The non-union workers are demanding the right to organize and wages of $15 an hour, more than double the federal minimum of $7.25. They now make $9 an hour on average, according to the Bureau of Labor Statistics.
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