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BusinessFriday 06.11.21

Is CEO Pay Too Damn High?

In 2020, the biggest U.S. companies paid their median CEO $13.4 million, and their median worker $72,556. A ratio of 185-to-1. Senator Bernie Sanders has proposed a tax penalty for any pay ratio above 50-to-1.

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FTX founder Sam Bankman-Fried testified today in his NY fraud trial that his biggest mistake was not having oversight.

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Donald Trump has fallen off the The Forbes 400 list of America's wealthiest people.

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Huge news in the cannabis space: Senate Banking just passed the SAFER Act by a 14-9 vote. It now goes to full chamber.

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Rupert Murdoch is stepping down from his chairman role at Fox and News Corporation. His son Lachlan takes over his role.

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Sources told CNBC that a deal between the WGA and AMPTP is close and there's hope of a deal coming together today.

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Day 141: The WGA and AMPTP will sit down today for their first formal face-to-face negotiations in a month.

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Reported sighting of a wild bear in a tree at Disney World in Orlando triggered closures of several attractions today.

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California filed a climate lawsuit against big 5 oil & gas companies alleging a "decades-long campaign of deception."