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Shares of large and mid-sized U.S. banks sharply underperformed the broader market on Wednesday with the S&P 500 Banks Index closing down 2.0% while the benchmark S&P 500 Index fell 0.6% with... | June 7, 2023
The top tier of executive compensation in the Triad is no longer exclusive to banks and manufacturers.
The Economic Policy Institute said in an October report that "exorbitant CEO pay is a contributor to rising inequality that we could restrain without doing any damage to the wider
JPMorgan Chase CEO Jamie Dimon expressed even deeper concern Wednesday about the likelihood of an economic downturn than he has in recent months. Wells Fargo CEO Charlie Scharf was less pessimistic, but he still spoke of the “reality that the economy has to slow.”
Paying chief executives $1 million in annual base salary became more passé for corporate America during 2021.