When CEO pay exploded (update)
17 September - 22 mins
Podcast Series
Planet Money
(Note: A version of this episode originally ran in 2016.)
It’s no secret that CEOs get paid a ton – and a ton more than the average worker. More than a hundred times than what their average employee makes.
But it wasn’t always this way. So, how did this gap get so vast? And why?
On today’s episode … we go back to a specific moment when the way CEOs were paid got changed. It involves Bill Clinton's campaign promises, and Silicon Valley workers taking to the streets to protest an accounting rule. And of course, Dodd Frank.
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