Commentary: America’s Managerial Class Runs the Country, Not You

Corporate Meeting

Ralph Nader made the chief executive officers of America’s largest corporations a proposition in 1996. Considering they had built their fortunes on generous tax benefits and subsidies—valued at an estimated $65 billion a year back then and footed by everyday Americans—would they consider opening their annual stockholder meetings with the Pledge of Allegiance? America had “bred them, built them, subsidized them, and defended them,” as Nader wrote, and as Obama would later more directly say: “You didn’t build that.” 

Read More

Commentary: Why Do CEOs Make So Much Money?

Certain politicians and social critics would have us scandalized that the annual income of CEOs of large corporations is often several times that of the employees who work in those companies. Is it unfair that executives make substantially more than a middle manager, an executive assistant, or an assembly-line worker? How are those salaries determined? Is significant income disparity unjust? To consider these questions, let’s take a look at the unique role and responsibilities of a chief executive officer.

Read More