Currently viewing the category: "Wealth"

The Highest Paying Public Job In Every State (Hint: Go Team!)

By On May 10, 2013 · 1 Comment

Who’s the highest paid public employee in every state? Yes, it’s the coach in most cases, as a new graphic produced by Deadspin.com shows. Connecticut is the only state where the highest paid employee coaches a women’s team — UConn’s Geno Auriemma, of course. He took the top spot after Jim Calhoun retired last [...]

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Morgan Stanley Investor Poll: Upbeat Overall, Fearful of Foreign Markets

By On April 23, 2013 · Leave a Comment

Investors are generally optimistic about the economy and financial markets but are fearful of foreign stocks, according to a new poll by Morgan Stanley. And that’s odd, since the financial services giant is among many that are recommending more overseas investment in 2013.

The poll of 1,000 investors nationwide by Morgan Stanley Wealth Management [...]

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CEO Pay for 2012 in the U.S. and Connecticut: Part of a Broken System

By On April 15, 2013 · 23 Comments

The AFL-CIO launched its annual database of CEO pay Monday, showing the average 2012 pay of CEOs at companies on the Standard & Poor’s 500 index was $12.3?million, or 354 times more than the average American worker earned.
The average of those S&P 500 CEOs — the 327 companies that have filed for 2012 [...]

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GE’s Immelt Hauls In $25.8M, Mostly Cash; Is that a Trend?

By On March 12, 2013 · 16 Comments

General Electric CEO Jeffrey Immelt’s $25.8 million pay package in 2012, revealed late Monday, is on the high end but is odd for its lack of stocks and options, CNN/Money reports.

This would be an unusual development if it were to become a trend.

Options took off for CEOs after the tax reform act [...]

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CT Metro Areas: Lagging the Nation and the World in Growth

By On November 30, 2012 · Leave a Comment

How’s Connecticut faring in the world? For income, just fine, thank you.

Growth is a different story. The Brookings Institution issued a report Friday ranking the world’s largest 300 metro areas in growth in 2012, based on output per-person and jobs. Even among lagging U.S. metros, Bridgeport-Stamford and Hartford ranked low, Nos. 255 and [...]

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Rich-Poor Divide Is Larger, But Does That Make The Poor Poorer?

By On November 15, 2012 · 9 Comments

When Greenwich billionaire Edward Lampert moved to Florida earlier this year, did you feel better off?

That question is at the heart of a report out Thursday that shows Connecticut went from being one of the states with the highest income equality in the ’70s, to one of the most unequal states.

The report [...]

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At The Twain House, A Pen Befitting The Man

By On October 11, 2012 · 1 Comment

What would Mark Twain say about a commemorative fountain pen made in his honor, that cost $2,520?

That’s easy — he’d mock the company that made it, and promptly buy a handful for friends, and use one himself.

He’d have to act quickly, because the real-life writing instrument — not a pen, a writing instrument [...]

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Connecticut’s Rise in Inequality, and What It Means

By On August 30, 2012 · 8 Comments

Income inequality can be bad or not-so-bad.  If it means the richest people are making huge gobs of money while the rest of us are getting ahead nicely, that’s not so bad.

A new report from Connecticut Voices for Children shows that inequality is rising, and not in the good way.  From the recession through [...]

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