A new survey shows that Americans, on average, think that Santa Claus should make $140,000 year. "Perhaps more interesting is that 29% think Santa should make nothing at all whereas 29% think he should make $1.8 billion." A nation of morons speaks.
Pay Politicians What Their Constituents Earn
In democracies such as ours, our elected officials are considered public servants. How much should these full time public servants be paid?
Bill Gross, the head of bond firm Pimco, was paid $290 million last year—and then got fired this year! Everybody knows that the financial world is the purest example of pay accruing to winners solely by merit.
What Is Vice Media's "Average" Salary?
Vice Media boss and enthusiastic brand ambassador Shane Smith yesterday publicly derided the "sour grapes" of also-ran website Gawker.com, declaring that his company's average salary is very high. Let's explore that further.
It's Harder For Kiddie Lawyers to Get Rich Now
Not too long ago, any half-bright young Ivy League whelp with a taste for fluorescent lighting and endless drudgery could get an entry-level lawyer job in a big city for a fat salary. Sadly, it's not quite so easy any more.
Everyone Knows Hedge Funds Are a Ripoff
Hedge fund are organizations designed to take money from wealthy investors and—through sophisticated financial wizardry—use that money to enrich hedge fund managers. Shockingly, many professional investors believe hedge fund managers are overpaid.
Goddamn Wall Street Needs More Goddamn Harvard Grads
Wall Street made itself more welcoming this week, as several top banks announced plans to raise the salaries of their lowest-level minions by about 20%. Will this be enough to make banking attractive to Ivy League pricks once again?
The Richer College Presidents Are, the Poorer Teachers and Students Are
It's widely recognized that the insanely high pay of corporate CEOs is connected to poorly run companies in which executives use shareholder money as their personal ATM. Did you know that public universities are exactly the same? It's true!
Felix Salmon makes the eminently reasonable case that salaries should not be kept secret, but he fails to disclose his own salary. A mere oversight, no doubt. Felix Salmon, please leave your salary in the comment section below.
America's highest-paid CEO in 2013: Charif Souki, the head of the natural gas firm Cheniere Energy, which has yet to turn a profit. Souki made a cool $142 million last year, five times what the head of ExxonMobil made. The system works, assuming that you (like most of our readers) are a CEO.
Airline Pilots Get Paid Crap
Republic Airways announced this week that it's grounding 27 of its planes due to a "shortage of qualified pilots." Possibly related: many airline pilots get paid jack shit.
Here Are the Most Overpaid College Presidents in America
College is about education. Wrong! College is a busine$$. And for some college presidents, business is very, very good.
Wall Street Is Doing Fine, Do Not Worry
A new report predicts that Wall Street's profits in the second half of the year will be only half as much as they were in the first half of the year. Not to worry—they're still doing okay.
Even the Top of Corporate America Has a Glass Ceiling
For the most part, corporate America is still a boy's club. The vast majority of top corporate executives are men. Oh, they let in some women, of course. They just don't pay them as much as everyone else.
This "What Is Your Salary?" Thread Is Terrifying/Anxiety Inducing
How much are the kids on Reddit making in a year? A wide range, yeah, but generally: way more than you expect and certainly more than you did at their age and in many cases more than you are right now.
Some College Presidents Are Rich as Hell
"The definition of a college president is someone who lives in a big house and begs for money," goes an old line that college presidents like to say to appear self-deprecating. Fortunately, college presidents are very well compensated for their efforts.
Executives Love to Give Themselves Bonuses Right Before Their Companies Go Bankrupt
Twinkie maker Hostess pissed off a lot of reasonable people by not only cutting worker pay while leaving the CEO's pay untouched, but also giving executives $1.75 million in bonuses at the same time they are liquidating the company and laying off 15,000 workers. That's some brazen shit. More enraging is how typical…
The Way CEOs Get Paid Is a Crock
Allow us, please, if you will, to direct your attention to this paper on the topic of Can You Believe How Much Motherfucking Money These CEOs Make, And, Even Worse, How They Try to Justify That Shit As If It's All Good. As noted in Gretchen Morgenson's column yesterday, CEOs and the cronies that justify their salaries…
Journalists Still Paid Jack Shit
Americans hate the media with a passion. So they'll be happy to know that the average U.S. journalist—grrr, the MSM!—is paid even less than the average American.
