4min chapter

The Prof G Pod with Scott Galloway cover image

Capitalism, Private Equity, and the Seven Deadly Sins — with Stephen Dubner

The Prof G Pod with Scott Galloway

CHAPTER

The Importance of Overpaying People

The CEO gets a 52% bump. There's nothing wrong with making a shit ton of money. The average S&P 500 company, CO2 worker pay ratio is 324 to 1. We can't limit compensation. That is part of capitalism. What we can do is have a tax policy that is progressive. After World War II, the top 1%, it was 92%. Now it's 70%. Why? Because Citizens United has washed over Washington and both Democrats hold their heads in their hands. Bernie Sanders and Elizabeth Warren, the rich should pay their taxes. And I'm going to show you mostly, mostly people from the middle class. People who fight our wars. People who pay our

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