Economic Apartheid and Excessive Executive Compensation

FeliceWith recent rule and law proposals on reigning in executive compensation from the Securities and Exchange Commission and US Representative Barney Frank (D-MA), Corporate Watchdog Radio examines the relationship between excessive executive compensation and economic inequality by speaking with Felice Yeskel, author of the recently published second edition of Economic Apartheid in America: A Primer on Economic Inequality & Insecurity, about the root causes for the widening gulf in wealth disparity and the social impacts of this phenomenon. Felice co-founded Class Action, a nonprofit seeking to bridge the class divide, as well as United for a Fair Economy (UFE), which advocates for economic equality, and Responsible Wealth, a coalition of high net worth individuals committed to more equitable wealth distribution.

We also speak with Sam Pizzigati, a past board member of UFE and author of Greed and Good. His weekly newsletter “Too Much” regularly runs stories of CEO excess.

Links:

Press Release: Frank Introduces Legislation to Protect Shareholders from Abuses of Executive Compensation

Protection Against Executive Compensation Abuse Act–H.R.4291.IH

SEC Votes to Propose Changes to Disclosure Requirements Concerning Executive Compensation and Related Matters

Text of Proposed Rules

United for a Fair Economy

Responsible Wealth

Class Action

War Millionaires: Defense Contractor CEO Pay Up 200 Percent Since 9/11

Economic Apartheid in America: A Primer on Economic Inequality & Insecurity

Greed and Good

Too Much newsletter