ITYS Alert: Executive Compensation

Lately, I find myself trying to think of gentlemanly ways to say “I told you so” a lot. So I’m creating a new feature: the “ITYS Alert.” That way, I don’t have to say that cocky phrase, but you’ll know what’s coming. Trust me, I’m never happy to say ITYS because it’s always about bad things.

In the Washington Post, Steven Pearlstein opines over the growth of outrageous executive compensation, despite the weak economy:

The data from this spring’s proxy season is mostly in and it shows that after two years of decline, the average compensation for chief executives of the 500 largest U.S. corporations is on the rise again. According to Governance Metrics International, the average “total realized compensation”…was just under $12 million in 2010, up 18 percent from 2009…

This wasn’t supposed to happen.   Continue reading “ITYS Alert: Executive Compensation”

Best of the Week(s): May 9 – June 5, 2010

Yes, you read that title correctly. Enough is enough. Let’s get up-to-date on this “What to Read” series. Sadly, we must ignore a lot of good articles, but here is a decent selection, heavily biased toward this past week. It’s good to be back on track! — AWO

10. The Black Art of “Master Illusions” — John Pilger
9. Arctic Sea Ice Extent and Volume at Record Lows for the Date — Nick Sundt, Early and Severe Wildlife Situation Develops in Alaska as Fuel Conditions Reach “Historical Maximum Levels” in Some Areas — Nick Sundt, and Asia Records Its Hottest Temperature in History; Category 4 Phet Threatens Oman — Jeff Masters
8. The Decline of Employer-Sponsored Coverage Under Health Reform: Good, Bad, or Ugly? — Austin Frakt and Direct-to-Consumer Advertising in Pharmaceutical Markets: Effects on Demand and Prices — Dhaval Dave
7. CIA Drones Claim “License to Kill” with Impunity: UN Expert — Agence France Presse, Obama’s Expanding Covert Wars — Jeremy Scahilland CIA Drone Operators Oppose Strikes as Helping al-Qaeda — Gareth Porter
6. War Over Bank Capital Heating Up — Damian Paletta and How the Private Sector Outsmarts Regulators — Michael Hirsh
5. Here We Go Again: A Closer Look at the Kerry-Lieberman Cap-and-Trade Proposal — Robert N. Stavins
4. Russia-US-Iran: Nuclear Juggling — Eric Walberg and New Power Brokers in the Middle East — Saif Shahin
3. Leonhardt on Risk: BP, the Housing Bubble and Budget — Dean Baker and Blue Dogs Took Up the Fight for Doctors’ Pay as Poor Lose Health Coverage — Steven Pearlstein
2. What Could They Have Been Thinking?: Initial Thoughts on the Gaza Flotilla — Stephen M. Walt
1. How to Save the News — James Fallows
BONUS: Shorting Reform — Michael Lewis

Best of the Month: April 2010

10. Why Cap-and-Trade Should (and Does) Have Appeal to Politicians — Robert W. Hahn & Robert N. Stavins, The Complete Guide to Modern Day Climate Change — Scott A. Mandia, and Come On! You Don’t Give the Same Discount Rate to Insurance as Stock, and That Includes Global Warming Insurance — Richard H. Serlin
9. Return of the Death Squads — Jeremy Kryt and Are Aid Donors Now Running Haiti? — Daniel Altman
8. Nukes for Sale — Jeremy Bernstein and A New Start — Tara McKelvey
7. Why Do Harvard Kids Head to Wall Street? An Interview with an Ex-Wall Street Recruit — Ezra Klein
6. Cruel Ethiopia — Helen Epstein and The State of Liberal Democracy in Africa: Resurgence or Retreat? — Tony Leon
5. The Myth of a Kinder, Gentler War — Michael A. Cohen and Army Researchers: Why the Kandahar Offensive Could Backfire — Nathan Hodge
4. Chris Dodd’s Carve-Outs for Cronies — Mark A. Calabria and Big Business Pleads for Loopholes in Financial Regulatory Reform — Steven Pearlstein
3. FDIC Rebuts Inaccurate Op-Ed and Final Financial Reform Push — Christopher Papagianis
2. Six Doctrines in Search of a Policy Regime — Paul Krugman, Pesos, Ponzi and Financial Sector Profits — Paul Krugman, and Minsky vs. Krugman — Arnold Kling
1. Sex, Drugs, and HIV: Let’s Get Rational — Elizabeth Pisani and The Pay-Any-Price Principle — David Sirota
BONUS: Bank Regulation: Strict Liquidity Thresholds Needed — Anthony W. Orlando

Best of the Week: April 25 – May 1, 2010

10.  Noriega’s Last Laugh — Christopher Dickey and Atrocities in Afghanistan: A Troubling Timetable — Kathy Kelly & Dan Pearson
9. To Save the Eurozone: $1 Trillion, European Central Bank Reform, and a New Head for the IMF — Peter Boone & Simon Johnson and The European Experience with Large Fiscal Adjustments — Alcidi Cinzia & Daniel Gros
8. Climate Change Indicators in the United States: Summary of Findings — Nick Sundt and CCS Stunner: New Study Finds Geologic Sequestration “Is Not a Practical Means to Provide Any Substantive Reduction in CO2 Emissions” — Joseph Romm
7. Immigration Reform Is Working. Now We Need to Look at What Isn’t. — Edward Schumacher-Matos, To “Control the Border,” First Reform Immigration Law — Daniel Griswold, and The Predictable Tragedies of Arizona’s Anti-Immigration Law — Ezra Klein & Ta-Nehisi Coates
6. The Deficit: Nine Myths We Can’t Afford — Pavlina R. Tcherneva, Stephanie Kelton, L. Randall Wray, Marshall Auerback, Yeva Nersisyan, & Warren Mosler, Do Not Confuse Solvency with Sustainability — Pavlina R. Tcherneva, and Paul Samuelson on Deficit Myths — L. Randall Wray
5. Why Financial Reform Needs a Bank Tax — David LeonhardtWho’s Afraid of a Bank Tax? — David Leonhardt, and Endgame in the Financial Reforms — David Skeel
4. Return of the Death Squads — Jeremy Kryt and Are Aid Donors Now Running Haiti? — Daniel Altman
3. Nukes for Sale — Jeremy Bernstein and A New Start — Tara McKelvey
2. Chris Dodd’s Carve-Outs for Cronies — Mark A. Calabria and Big Business Pleads for Loopholes in Financial Regulatory Reform — Steven Pearlstein
1. Cruel Ethiopia — Helen Epstein and The State of Liberal Democracy in Africa: Resurgence or Retreat? — Tony Leon
BONUS: Chances Are — Steven Strogatz

Best of the Week: August 23-29, 2009

10. Michael Steele’s Disastrous Idea of a Republican Health-Care Proposal — Steven Pearlstein
9. Behavioral Theory — Dana Goldstein
8. When a Gifted Teacher Has to Jump Through Hoops Just to Keep His Job, Change Is Needed — Jay Mathews
7. Why Are Senior Citizens Crying “Socialism” at Town Halls? — Tom Schaller
6. The Lockerbie Bomber and the “Torture Regime” — Stephen M. Walt
5. Still Undone: Remaking the Financial System — Michael Hirsh
4. How Cuts in State and Local Spending Endanger a Recovery — Robert H. Frank
3. Congress Needs to Pass Some Laws on Controversial Issues — Juan Cole
2. Farewell to the Dollar as the World’s Currency of Choice — Joseph E. Stiglitz
1. We Can’t Afford to Ignore Myanmar — Jim Webb
BONUS: Laugh, Kookaburra — David Sedaris