CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law
Former Chief Executive Officer Ron Johnson, 54, of J.C. Penney Co. got a compensation package worth 1,795 times the average wage and benefits of a U.S. department store worker.
by onepercenttakers · Published · Updated
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by onepercenttakers · Published February 26, 2019
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"Ronald Reagan's theory was really 'trickle down' economics...and renamed 'supply side.' Cut tax rates for the wealthy; everyone else will benefit. As Reagan's budget director David Stockman confided at the time, the supply-side rhetoric 'was always a Trojan horse to bring down the top rate.'" —The Gipper's Economy. To see how the Trickle Down Con was sold to the public click here.