That America’s income distribution has grown dramatically more unequal in the past 40 years is beyond debate. The share of the top 1 percent has doubled since 1980, to over 20 percent of all income. Could it get any worse? A look at America’s large, privately held corporations suggests it could. When Americans think of large
Honeywell recently became the first corporation to report its CEO to worker pay ratio, an eye-popping 333 to 1.
By Bob Lord