Two weeks ago, General Motors announced it would be offering workers record bonuses despite an exceptionally rough fiscal year, with 30 million vehicle recalls and $3 billion in compensation to accident victims.
A new report has compiled the "100 most overpaid CEOs" in the S&P 500 and "examines the forces behind the trend of ever-increasing CEO pay."
The report was released late last week by the corporate responsibility nonprofit As You Sow.
It states that "CEO pay grew an astounding 937% over the past 35 years" and that "the explosion in executive compensation greatly outpaces growth in the stock market and economic productivity."
Jonathan Chait unpacks another incredible claim made by Catholic Republican Paul Ryan that "the Obamanomics that we're practicing now have exacerbated inequality."
A Capuchin friar is trying to bring the issue of wage disparity to some of the richest people in the country by submitting shareholder resolutions citing companies' own reports.
Commentary: You might think with Pope Francis making economic justice a centerpiece of his papacy that U.S. bishops would address extreme income inequality. Not so much.
Commentary: Because work is so essential for the well-being of society, the dignity of work must be protected and the basic rights of workers respected.
There is no magic pill for the political polarization gripping the country – no perfect candidate, no bipartisan commission. The problem has roots far below the surface of politics.
We say: Yes, the rich are growing richer, but the concentration of wealth is more extreme than most imagine. This is sparking a new look at poverty.
In the current issue of Theological Studies, Kate Ward and Kenneth R. Himes of Boston College deliver a heavily documented and deeply penetrating analysis of economic inequality. It is an issue that affects not just the United States but other nations as well, they note.
Time magazine listed Pope Francis in its annual “100 most influential people” issue and asked a fellow world leader to write a tribute: President Obama.
“Rare is the leader who makes us want to be better people,” Obama wrote. “Pope Francis is such a leader.”
Obama lauded the pontiff for his “message of inclusion” and his many acts of kindness, such as “embracing the sick, ministering to the homeless, (and) washing the feet of young prisoners.”