Nicholas Kristof has a new YouTube channel
My favorite journalist has a new YouTube channel for his New York Times videos. I'm the 27th subscriber, and you should be the 28th (or whatever they're up to now)! Here's the one uploaded video so far, about trying to apply for a protest permit in China:
Kristof is also on Facebook. I like Kristof not because he's a great writer, although he is, but because of what he does to highlight vital social justice issues that don't recieve much coverage. Few have done as much as Kristof to highlight both human rights violations AND personal progress in China, and the west's knowledge and awareness of Darfur would not be even what it is without him.
His column today is about CEO pay:
One of our broad national problems is rising inequality, and it is exacerbated by corporate executives helping themselves to shareholders’ cash. Three decades ago, C.E.O.’s typically earned 30 to 40 times the income of ordinary workers. Last year, C.E.O.’s of large public companies averaged 344 times the average pay of workers... A central flaw of [corporate] governance is that boards of directors frequently are ornamental and provide negligible oversight.
As Warren Buffett has said, “in judging whether corporate America is serious about reforming itself, C.E.O. pay remains the acid test.” It’s a test that corporate America is failing.
These Brobdingnagian paychecks are partly the result of taxpayer subsidies. A study released a few weeks ago by the Institute for Policy Studies in Washington found five major elements in the tax code that encourage overpaying executives. These cost taxpayers more than $20 billion a year.
Read the whole thing, the rest of his analysis and examples are well worth it.