steve jobs of apple made $749 million. richard fairbanks ceo of capital one made off with $569 million. okay. so ceos in other words make an astonishing amount of money and we know that. if we ve learned anything from our friend tony hayward it is not because they are all great at their jobs and totally worth it to the company they work for. ceo pay is not in fact a meritocracy but a result of the cozy relationship between ceos and the people who decide how much ceos should get paid. here is how it works in a nutshell. the board of directors has to determine how much to pay their ceo but it just so happens that most of the people on the board of directors are really good buddies with the ceo in question so naturally they ll want to cut their pal a good deal and there are lots and lots of ways to do that. for example the new york times is reporting this week on a study showing that boards of directors, quote, routinely use compensation peer groups to
expedia.com made $1.4 billion. ray ronny of oxidental petroleum $857 million. steve jobs of apple made $749 million. richard fairbanks ceo of capital one made off with $569 million. okay. so ceos in other words make an astonishing amount of money and we know that. if we ve learned anything from our friend tony hayward it is not because they are all great at their jobs and totally worth it to the company they work for. ceo pay is not in fact a meritocracy but a result of the cozy relationship between ceos and the people who decide how much ceos should get paid. here is how it works in a nutshell. the board of directors has to determine how much to pay their ceo but it just so happens that most of the people on the board of directors are really good buddies with the ceo in question so naturally they ll want to cut their pal a good deal and there are lots and lots of ways to do that. for example the new york times is reporting this week on a study showing that boards of directors, quote
ubiquitous situation. it was an act to blunt the supreme court s citizens united ruling that opened the floodgate for corporations and unions to spend limitless amounts of money on u.s. elections. the democrats effort to pass a disclose act was blocked in the senate today by a republican filibuster. all republicans, present today, voted to effectively kill the disclose act. this vote was not a vote for or against the disclose act itself but a vote to merely begin debate on it and every single one of the republicans blocked the bill from even being debated. this isn t your run of the mill failure for senate democrats. when the citizens united decision came out earlier this year it provoked a huge back lash across the country. there was bipartisan agreement that this was a bad ruling. 80% of the american public opposed the decision. only 18% supported it. given the incredibly polarized electorate right now this is as close to unanimity as you can get on an issue. i myself have
latest democratic effort in congress to fall victim to the now ubiquitous situation. the disclose act. it was an act to blunt the supreme court s citizens united ruling that opened the floodgate for corporations and unions to spend limitless amounts of money on u.s. elections.ç the democrats effort to pass the disclosed act was blocked in the senate today by a republican filibuster. all republicans, present today, voted to effectively kill the disclose act. to be clear this vote was not a vote for or against the disclose act, itself. this was a vote to merely begin debate on it. republicans blocked the bill from even being debated. this isn t your run of the mill failure for senate democrats. when the citizens united decision came out earlier this year it provoked a huge back lash across the country. there was bipartisan agreement that this was a bad ruling. 80% of the american public opposed the decision. only 18% supported it. given the incredibly polarized electorate ri
[captioning made possible by fox news channel] captioned by the national captioning institute www.ncicap.org martha: hello, everybody. this is the live desk. i am martha maccallum. trace: i am trace gallagher. today we are also live outside because there s breaking news in new york city. there is word that there could be more people connected to the ongoing terror investigation. martha: first, let s give you call up on what is coming into the newsroom. in the top box, president obama talking about how he is working to change the way that america is seen around the world in his u.n. speech. what he said about israel is getting a lot of attention. also what libyan leader qaddafi said about president obama was stunning. we will show that to you. in the middle box, what is turning into a big controversy. is president obama changing his tune on how to proceed in afghanistan? the president and joe biden have some new ideas. rice has weighed in on those. we will give you heard t