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Domino's Boss Gets Too Large a Slice of Salary Pie, Shareholders Say

Domino’s Pizza boss J Patrick Doyle is getting too large a slice of the pie, shareholders will tell the company’s board at the fast food chain’s annual meeting on Tuesday.

The two largest shareholder advisory groups, ISS and Glass Lewis; CalSTRS, California’s $183bn teachers’ pension fund; and Change to Win investment group, which advises trade union-sponsored pension funds, have all voiced concerns about compensation at the pizza company ahead of Tuesday’s annual shareholder meeting in Ann Arbor, Michigan.

In the media
Dominic Rushe

Do We Really Want to Raise Taxes on Capital?

Here's what has been so great about having wealth over the past two decades: not only has it been easy to make lots of money from investing that wealth, but taxes have hovered near a historic low on capital gains and stock dividends. So those with assets to deploy have been getting a twofer: High returns, low taxes on those returns.
Blog
David Callahan

Food Service is ‘Most Unequal Sector’ in the Economy

The American economy overall is ferociously unequal, but some sectors are more unequal than others. A new study from the left-leaning think tank Demos looked at CEO-to-worker compensation ratios across the labor force in an attempt to determine where inequality is most concentrated. The answer probably won’t surprise you.

In the media
Ned Resnikoff

Reflecting on $1 Trillion in Student Debt, and Why We're Headed for $2 Trillion

States have disinvested in public higher education and students have been stuck paying the tag.

Blog
Mark Huelsman

When So Many Workers Hate Their Jobs, We're All Miserable

It's no secret that American consumers are fed up with the quality of service they get from any number of retail and restaurant establishments. Going to a fast food joint is especially unpleasant, as Demos documents in its new report, Fast Food Failure.
Blog
David Callahan

Fatter Cats: Executive Pay and American Inequality

Executive pay has risen dramatically—both in absolute terms and in relation to median wages—across the last generation. The spike in executive salaries is both a key driver of inequality at the top end of the income spectrum (about half of the “1 percent” are executives or managers at non-financial firms) and a symbolic marker of social norms in our “winner-take-all” economy. Conservative economists have tried to spin this as a triumph of market forces, manifesting the ability of superstar innovators to pull away from the pack in a global, wired economy.

In the media
Colin Gordon

Fast-Food CEOs Make 1,200 Times as Much as One of Their Workers—and They Want to Keep it That Way

David Novak is the chief executive of Yum! Brands, the parent company that runs Pizza Hut, Taco Bell and KFC. Last year, while Yum! Brands and other restaurant companies lobbied against raising the minimum wage, Novak made at least $22 million—more than 1,000 times what the average fast-food worker makes in a year. In return for paying him so much, Yum! got a tax break.

In the media
Zoë Carpenter

Demos President on Importance of Diversity in Higher Education

In response to yesterday’s Supreme Court ruling, which upheld a Michigan state law banning the consideration of race or ethnicity as a factor among state college admissions, Demos President Heather McGhee issued the following statement:

The country should be recommitting to diversity and inclusion, not retreating.

Press release/statement

Why Don't Corporations Care More About Their Image on Economic Fairness?

This week, Apple loudly touted its fealty to environmentalism, rolling out an updated website on what it's doing to be a greener company and playing up its progress in reducing its carbon footprint and removing toxins from its products. This blitz included expensive full-page newspaper ads in places like the Wall Street Journal. 
 
Apple, of course, is just one of many companies that has put a lot of effort into improving its environmental record. Most famously, Walmart has been talking this talk since 2005.
Blog
David Callahan