Are C.E.O.s Paid Too Much?
Is the gap in compensation between executives and their employees too big?
Clockwise from top left, Jeff Bezos of Amazon, Robert A. Iger of Disney, John Stankey of AT&T, Chris Nassetta of Hilton, David Calhoun of Boeing, Kevin Johnson of Starbucks and Frank Del Rio of Norwegian Cruise Line.Credit.Clockwise from top left, Calla Kessler/The New York Times; Chris Delmas/Agence France-Presse Getty Images; Presley Ann/Getty Images for WarnerMedia; pool photo by Stefani Reynolds; Whitney Curtis for The New York Times; Kyle Johnson for The New York Times; Aaron Davidson/Getty Images for Norwegian Cruise Line
10 Monday AM Reads
My back to work morning
train WFH reads:
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The Price of the Stuff That Makes Everything Is Surging: Global economic rebound is fueling a blistering commodities rally The prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life. From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. The rally threatens to raise the cost of goods from the lunchtime sandwich to gleaming skyscrapers. It’s also lit the fuse on the massive reflation trade that’s gripped markets this year and pushed up inflation expectations. With the U.S. economy pumped up on fiscal stimulus, and Europe’s economy starting to reopen as its vaccination rollout gets into gear, there’s little reason to expect a change in direction. (Bloomberg)
10 Thursday AM Reads
My morning
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There Is Growing Segregation In Millennial Wealth Baby boomers and Gen Xers have faced their fair share of calamities stagflation, the double-dip recession of the 1980s, disco but millennials have had it really rough. Millennials who got college degrees exited school deep in debt and entered a job market ravaged by the Great Recession. Millennials who didn’t get college degrees found it harder to get a well-paying, blue-collar job, after trade and automation closed avenues that past generations had used to get to the middle class. Child-rearing and first-home-buying years interrupted by a pandemic, all the while slogged through an economy muddied by growing inequality, stagnation and a fading American dream. (NPR)
C.E.O. Pay Remains Stratospheric, Even at Companies Battered by Pandemic
While millions of people struggled to make ends meet, many of the companies hit hardest in 2020 showered their executives with riches.
Clockwise from top left, Jeff Bezos of Amazon, Robert A. Iger of Disney, John Stankey of AT&T, Chris Nassetta of Hilton, David Calhoun of Boeing, Kevin Johnson of Starbucks and Frank Del Rio of Norwegian Cruise Line.Credit.Clockwise from top left, Calla Kessler/The New York Times; Chris Delmas/Agence France-Presse Getty Images; Presley Ann/Getty Images for WarnerMedia; pool photo by Stefani Reynolds; Whitney Curtis for The New York Times; Kyle Johnson for The New York Times; Aaron Davidson/Getty Images for Norwegian Cruise Line