Sam Pizzigati

Sam Pizzigati edits Too Much, the Institute for Policy Study's online weekly newsletter on excess and inequality.

Articles by this author

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Tuesday, October 21, 2008 - 8:51am
Rewrite Bailout Rules on CEO Pay
Treasury Secretary Henry Paulson has executed two fairly slick about-faces since Congress passed the $700 billion Wall Street bailout two weeks ago. The first makes eminent sense. The second should outrage you. Let's start with Paulson's positive turn. His original bailout plan would have had the Treasury rush to spend billions buying up toxic mortgage-backed securities. His new plan instead will spend the bailout's first $250 billion buying up part-ownership in America's biggest banks.
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Tuesday, September 23, 2008 - 10:29am
The Bailout and CEO Pay: What's 'Excessive'?
Everyone knew this bailout was going to be big. Now the bailout has become even bigger. Treasury Secretary Henry Paulson is not just talking about bailing out mortgage lenders and traders any more. The federal government, Paulson now envisions, will be buying up all sorts of troubled investments. Even foreign banks will be able to get in on the bailout action. Meanwhile, a host of power-suited vultures are hovering overhead, anxiously awaiting federal contracts to manage -- for a handsome fee, of course -- all the bad debts the Treasury starts buying.
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Monday, September 1, 2008 - 10:29am
Workers Need Added Clout To Close The Pay Gap with CEOs
Polls show that most Americans are outraged by sky- high CEO pay. And why shouldn't they be? A generation ago, top CEOs made 30 to 40 times the pay of average workers. Last year, CEO pay outpaced average worker pay by 344 times. In effect, the gap between worker and executive pay has multiplied an amazing tenfold since the early 1980s. How could that be? Are executives working 10 times harder than they did three decades ago? Are they 10 times smarter? Of course not. Not one iota of evidence supports that notion.
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