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OpEdNews Op Eds    H2'ed 2/9/21

The Unintentional Honesty of Jeff Bezos

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No executives, the founder of modern management science Peter Drucker believed, ought to earn over 20 or 25 times what their workers are making. In the United States today, the world's top happyland for corporate execs, we're not quite meeting that standard. In 2018, 50 U.S. CEOs pocketed over 1,000 times their median worker's take-home.

We won't narrow the gap between America's richest and everyone else until we slow down this reckless corporate inequality engine. And we can do that. We can legislate and regulate out of existence the strong-arming tactics that employers like Amazon use to stay "union-free." We can deny government contracts to corporations that pay their execs outrageously more than they pay their workers. We can tax these same corporations at higher levels than firms that fairly share the wealth.

Goodbye, CEO Jeff Bezos. May we never see another CEO as insatiably voracious.

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Sam Pizzigati is an  Associate Fellow, Institute for Policy Studies

Editor,  Too Much ,  an online weekly on excess and inequality

Author, The Rich Don't Always (more...)
 

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