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Profit, Power, and Policy | Business Ethics Insights
Dive into political economy, business ethics, and economic policy with professors Bill Keep and Nancy Lasher as they examine competitive markets and expose anti-competitive behavior and market collusion threatening today's economy. Learn how Adam Smith's principles apply to modern economic challenges.
Profit, Power, and Policy | Business Ethics Insights
The 1,085% Increase in CEO Pay: A Problem of Too Many Zeros
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In the episode we explore CEO Pay - misaligned from performance and multiples above CEO pay of comparable non-US companies. From 1978 to 2023, CEO pay increased by 1,085%. During that span of time average worker pay increased 24%. By 2023 the ratio of CEO pay to average worker pay reached 290:1. The increased in CEO pay corresponds with the increasing share of wealth of the top .1% of households and growing income inequality.