CEO Pay Rises Modestly, Still Dwarfs Workers'
A survey of major companies says CEO pay rose just 3.6% from the year before, not all that much different than the 2.3% pay hike given to the average worker. And yet...
A survey of major companies says CEO pay rose just 3.6% from the year before, not all that much different than the 2.3% pay hike given to the average worker. And yet...
Michael Dell's attempt to gain more control over his namesake computer company appears to be turning into a financial tug-of-war.
The Silicon Valley is adding jobs faster than it has in more than a decade. Stocks and fortunes are soaring. But bleaker records are also being set: Food stamp participation just hit a 10-year high and homelessness rose 20 percent in two years. Simply put, while the ultra-rich are getting even richer, record numbers of Silicon Valley residents are slipping into poverty.
A lot of companies have moved up their January dividends to late December this year, to help shareholders avoid a 2013 tax hike. And some of those dividends have been made extra juicy. But Oracle CEO Larry Ellison is going even bigger: He's issuing three quarters worth of dividends at once.
In the final installment of director Christopher Nolan's Batman trilogy, everything changes for billionaire industrialist Bruce Wayne, which got us thinking: Which real-life business leaders could step into Batman's formidable shoes?
These dashing youths are not only attractive, but as the children of the world's wealthiest people, they are also devastatingly rich. Having billionaire parents has its perks, from $60 million weddings to private yachts.
How do Russia's billionaires stack up against America's home grown oligarchs? To find out, we took a peek at some of the richest men in the world -- on both sides of the Arctic Ocean.
Facebook's $1 billion acquisition of Instagram surprised outsiders this month, but Facebook's own board of directors was caught almost as off guard by Mark Zuckerberg's highhanded move. Here's why that doesn't bode well for Facebook's future:
Let's go over some items that will help shape the week ahead for Wall Street: The Hunger Games will give theaters a much needed boost; FuelBand may do the same for Nike; video game sellers hunger for hits; and Tiffany and Oracle will give us clues about the recovery.
Last week's most puzzling moves included Bank of America turning ingrate on its debit card users -- who also pay taxes, and hence bailed BoA out -- Oracle's Larry Ellison and HP writing a new chapter in their feud, Warren Buffett opting for a stock buyback, and Sony refusing to pay for 3-D glasses.
The nation's wealthiest are worth a combined $1.53 trillion, according to Forbes. And while there are many familiar faces on this year's list of the richest Americans, a younger group of entrepreneurs are marching their way up the ranks.
With more and more financial transactions being conducted electronically, it's easy to forget the physicality of money. What a dollar weighs, or a pile of them. So just for fun, let's start piling up the Benjamins and see what a pound -- or 10, or 100, or a ton -- of C-notes will buy.
The gap between America's super-wealthy and the rest of us has grown so vast it's hard to even comprehend the sums they spend on their luxuries. But if you measure, say, a $200 million luxury yacht in terms of the average U.S. family's household income, the picture comes back into focus.












