Executive compensation is a key driver of escalating wealth disparity. In 2023, top executives continued to reap substantial salaries and bonuses, even in a year that was economically challenging for many.
More broadly, data shows the ratio of CEO to worker compensation in the 350-largest publicly owned companies has increased by a multiplier of 16 since 1965. The provision of tax breaks to corporations is a driving force behind increasing executive compensation.
This interplay reflects and reinforces broader systemic imbalances that skew wealth distribution in favor of an ever-smaller minority. Simultaneously, much political hay has been made of ...
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