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Billionaires Flee Putin's Russia
Billionaires Flee Putin's Russia

Billionaires Flee Putin's Russia

For mainly Jewish oligarchs, wealth and power has given way to prison and exile

(Newser) - A cadre of 50 or so Russian businessmen struck it rich when the USSR's state-owned industries went up for grabs. But most of these billionaire oligarchs are now in prison or have fled, hounded and hectored by the KGB-style tactics of president Putin. The Guardian profiles 7 deposed plutocrats, who've...

Top Executive Salaries Soar
Top Executive Salaries Soar

Top Executive Salaries Soar

Gap between the CEO and the cubicle is wider than ever

(Newser) - The top bananas of the corporate world are taking in more income in relation to their immediate subordinates than ever before, the Times reports. Wealth is concentrating among the business elite but staying somewhat stagnant among more middling execs—the average gap between #1 and #3 has more than tripled...

The Rich Get Dumber
The Rich Get Dumber

The Rich Get Dumber

(Newser) - The more powerful you become, the more oblivious you get, Richard Conniff argues in today's Times, as he takes a gander at explaining a recent spate of high-profile celebrity mishaps ($1.5 million totalled Ferrari, anyone?). Connif points to research at Berkeley that suggests power brings "disinhibition"—more...

Billionaire's Club Welcomes New Members

The Forbes rich list is bigger—and even wealthier—than ever

(Newser) - The rich are getting richer, younger, and more geographically diverse, Forbes reports, with the number of billionaires up a whopping 19 percent, and their total worth up 35 percent to $3.5 trillion. Not only have billionaires been galloping away from the pack, they've been doing it earlier, bringing the...

Stories 161 - 164 | << Prev