How to Pay Your CEO

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Can we call it corruption?

In other words, the very firm that helps Verizon’s directors decide what to pay its executives has a long and lucrative relationship with the company, maintained at the behest of the executives whose pay it recommends.

No, we’ll call it corporate capitalism. The New York Times has a fantastic story today looking into the process by which corporations pay their CEOs. Arrangements like the above are hardly uncommon. And executive compensation often bears no relation to the actual performance of the company. Among other things, the story cites one study identifying 11 major companies “whose shareholder returns had been negative for five years, but whose chief executives’ pay had exceeded $15 million during the last two years combined.” Lucky them.

MORE: See this story for more. “The average pay for a chief executive increased 27 percent last year, to $11.3 million.” This at a time when median wages have stagnated.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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