It certainly isn’t if you have CEO behind your name and you work for a big corporation: Compensation received by chief executives of the biggest US companies surged 11 percent over the past 12 months — to $9.3 million on average, The Wall Street Journal reported. Citing a study conducted for the newspaper by management […]
Corporations Record “Near Historic Profits” As Middle America Suffers
As if this comes as any shocker: Corporate America finished the second quarter with “near-historic” profits, largely by cutting costs, laying off employees and streamlining operations, the Wall Street Journal reports. Profits for companies in the S&P 500 soared 38 percent from the same period last year, hitting $189 billion, the WSJ says, the sixth-highest […]