Why executive pay is skyrocketing

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 31 July 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Remuneration among CEOs in the US is rising quickly. It’s been hard to miss recent examples of massive pay packages, like for Tesla’s Elon Musk. But that growth is far outpacing that of wages for everyday workers in the US. The FT’s corporate governance reporter Patrick Temple-West outlines some reasons this is happening and looks at whether change is afoot.

Clips from Associated Press, CNBC, BBC News

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For further reading:

US executive pay rises at fastest rate in 14 years

Business school teaching case study: executive pay and shareholder democracy

UK-US CEO pay gap widens as FTSE bosses’ remuneration stagnates

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And, send us a question: Behind the Money is teaming up with the FT’s Moral Money newsletter to answer your questions about what “responsible” business and finance really looks like in the 21st century. That means topics like sustainability, ESG, diversity and inclusion and clean energy investment. We might read out, or play the question from your voicemail with your name, on the show. To get in touch, record a voice message here: sayhi.chat/0humz, or send us an email with your question to michela.tindera@ft.com.

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Read a transcript of this episode on FT.com

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Transcript

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0:54.0	You can find a link to the survey and terms and conditions for the prize drawing in our show
0:57.5	notes.
0:58.7	Chairman Blumenthal, ranking member Johnson, members of the subcommittee.
1:08.0	Thank you for inviting me to appear before you today, along with Bolling's chief engineer Howard McKinsey seated to my right.
1:15.0	Last month Dave Calhoun who's the CEO of the airplane manufacturer Boeing appeared in Congress.
1:21.0	I'm proud of having taken the job.
1:23.6	I'm proud of every action we have taken.
1:26.6	Lawmakers wanted to hear from Calhoun
1:28.7	after a string of scandals that had rocked the company.
	...

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