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Business executive decries ‘out of control’ CEO compensation

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Leo Hindery, a managing partner at InterMedia Partners, said Thursday on Fox Business that executive pay had become too high in the United States and was not longer based on performance.

He noted that previously it was considered appropriate for business executives to make 15 to 20 times more money than the average employee. While many countries have continued to embrace the concept, the United States has allowed executive compensation to soar.

The average business executive in the United States is now paid 400 times more than the average employee, who earns about $34,000 per year.

“Nobody knows what the right number is,” Hinderly said.

But it was “common sense” that executives getting paid 400 times what the average employee makes was too much.

“The first thing we have to do is make compensation really consistent with performance,” Hinderly added. “What we know for a fact is every time a CEO misses his targets, well the bonus plan is reset.”

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He said those bonus plans needed to be tied to “actual results.”

Watch video, courtesy of Fox Business, below:

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Trump showed why his aides hate him when he berated his chief staffer in TV interview: Morning Joe panel

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President Donald Trump berated his chief of staff in a moment captured by ABC News -- and panelists on MSNBC's "Morning Joe" agreed the outburst was deeply revealing.

The president interrupted an interview to order White House Chief of Staff Mick Mulvaney out of the Oval Office for coughing while Trump answered a question about turning over his financial records.

"That was on purpose," said MSNBC analyst Mike Barnicle. "He coughed on purpose. He didn't want him to continue going down that (topic on) financial (records)."

White House reporter Jonathan Lemire, of the Associated Press, said the president's tirade wasn't unusual.

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Morning Joe guest reveals why even Ivanka is afraid to deliver bad news to Trump: ‘He’ll explode’

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President Donald Trump's inner circle is growing smaller and smaller, and the few aides he trusts are afraid to deliver any bad news to him -- and panelists on MSNBC's "Morning Joe" agreed the situation was dangerous.

Co-host Mika Brzezinski asked Associated Press reporter Jonathan Lemire if the president trusted any of his advisers, and the White House correspondent said he may still seek out counsel from Ivanka Trump.

"He might listen to his daughter, who is in there, but no," Lemire said. "That has been what's happened over the last year and a half, in particular, is the erosion of the guardrails, the erosion of adults in the room who could walk in there and say something. Mind you, it didn't always work, (but) now those people don't even exist."

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John Oliver perfectly explains the Mueller report in a way all Americans can understand

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The overwhelming majority of Americans have not read the 400-plus-page report from special counsel Robert Mueller.

As it stands, it's unclear how many elected officials have either. It's become a problem for Democrats, who would like to impeach the president but can't get the American people to pay attention long enough.

"Last Week Tonight" host John Oliver has a solution. In his Sunday show, Oliver outlined a vital piece of the report that outlined just one of many obstructions of justice at the hand of President Donald Trump.

After he outlined what impeachment is, he showed Trump talking about the law that claims it's for "high crimes and misdemeanors." According to Trump, he has to be accused of both because it says "and." An annoyed Oliver corrected the president's incorrect assessment.

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