Marketplace Morning Report for Wednesday, August 28, 2013
As tensions over a possible U.S.-led military strike against Syria drive up the U.S. dollar, other currencies around the globe are suffering -- especially India's rupee. A perfect storm of economic factors are leading to India's worst economic crisis in two decades. A new report shows a persistent disconnect between the pay of corporate chiefs and their performance. According to the Institute for Policy Studies, nearly 40 percent of the highest paid CEOs either led firms that received bail-out money, lost their jobs, or had to pay fraud related fines after the financial crisis hit. And, at the start of the school year, many teachers are digging into their own bank accounts to pay for classroom supplies.
As tensions over a possible U.S.-led military strike against Syria drive up the U.S. dollar, other currencies around the globe are suffering — especially India’s rupee. A perfect storm of economic factors are leading to India’s worst economic crisis in two decades. A new report shows a persistent disconnect between the pay of corporate chiefs and their performance. According to the Institute for Policy Studies, nearly 40 percent of the highest paid CEOs either led firms that received bail-out money, lost their jobs, or had to pay fraud related fines after the financial crisis hit. And, at the start of the school year, many teachers are digging into their own bank accounts to pay for classroom supplies.
