He details how they increased their pay far beyond fair compensation via stock options, tax cuts and regulatory rollbacks, and stock buybacks thereby inflating stock prices. It's a vicious, greedy cycle that extracts wealth from the workers and gives to the top. You know, Reverse Robin Hood.
Reich then offers solutions: Ban stock buybacks (which used to be illegal); stop executive tax loopholes; tie executive pay to worker pay as a %; increase taxes on corporations whose executives earn more that 100 times their employees; get corporate money out of politics.
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