Corporate profits, as a percent of GDP, have doubled in the past 40 years. But where’s that money going? Not to hiring, paying higher wages or investing in equipment. Corporations are instead using their profits to further reward shareholders. And that strategy, argues billionaire investor Nick Hanauer, is killing America’s economic growth.
On Friday’s NewsHour, Paul Solman reported on the continued anger over extravagant CEO pay at companies receiving billions in bailout dollars and the options being explored to regain some of the money. And don’t miss the related infographic, Bailing Out … Continue reading