Rick Newman, columnist for Yahoo! Finance returned to my show today to talk about how the tide may be turning against rich CEOs. For example, there’s been a lot of backlash against comments by Dunkin’ Donuts CEO Nigel Travis, who says increasing the minimum wage to $15/hour is “outrageous,” but he doesn’t seem to have a problem doubling his own compensation to $10.2 million/year.
With higher minimum wage laws passed in New York, California, Seattle, Chicago, and elsewhere, and lots of talk about income equality, there seems to be some momentum to bridge the pay gap between the people at the top and those at the bottom. But do shareholders want it? Will voters support politicians who want to change that equation?