Rise of the Corporate Plutocrats. Vince Beiser.
by Beiser, Vince; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2006Article 21Business. Publisher: Los Angeles Times Magazine, 2004ISSN: 1522-3191;.Subject(s): Chief executive officers -- Salaries | Corporate governance | Corporations | Employee fringe benefits | Executives -- Salaries, etc | Pay equity | WagesDDC classification: 050 Summary: "The spreading around of private jet rides is among the more obvious emblems of a profound development in corporate America over the last 20 years: the enormous swelling in pay and privileges for a burgeoning stratum of executives, and their concomitant distancing from the people who work under them. Today, it's not just the boss, but those second, third or fifth in command who pull down seven-figure salaries, own multiple homes and stay in hotels where rooms cost more than most mortgage payments." (LOS ANGELES TIMES MAGAZINE) This article discusses the change in corporate culture that is providing higher salaries and perks to executives while the "average American workers' salaries have barely kept pace with inflation--and many are finding their jobs, health coverage and retirement prospects in jeopardy."| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2006 Business Article 21 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2006.
Originally Published: Rise of the Corporate Plutocrats, Oct. 17, 2004; pp. 10+.
"The spreading around of private jet rides is among the more obvious emblems of a profound development in corporate America over the last 20 years: the enormous swelling in pay and privileges for a burgeoning stratum of executives, and their concomitant distancing from the people who work under them. Today, it's not just the boss, but those second, third or fifth in command who pull down seven-figure salaries, own multiple homes and stay in hotels where rooms cost more than most mortgage payments." (LOS ANGELES TIMES MAGAZINE) This article discusses the change in corporate culture that is providing higher salaries and perks to executives while the "average American workers' salaries have barely kept pace with inflation--and many are finding their jobs, health coverage and retirement prospects in jeopardy."
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