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Senator and 2020 presidential candidate Amy Klobuchar has come out in support of legalizing recreational marijuana

Amy Klobuchar

  • Presidential candidate and Senator Amy Klobuchar, a Democrat from Minnesota, supports legalizing recreational marijuana at the federal level, she said in a Friday statement. 
  • Support for marijuana legalization has become a more mainstream position among Democrats, with nearly all of the 2020 Democratic presidential contenders speaking out in favor legalization.  
  • Recreational marijuana use is currently legal in 10 states and the District of Columbia.

Presidential candidate and Sen. Amy Klobuchar, a Democrat from Minnesota, has come out in favor of legalizing recreational marijuana at the federal level. 

"I support the legalization of marijuana and believe that states should have the right to determine the best approach to marijuana within their borders," she said in a Friday statement, which was first reported by The Washington Post. 

Klobuchar held a D rating from marijuana advocacy organization NORML, indicating a "hard on drugs stance," while serving as a  prosecutor in her home state, but she was later upgraded to a B while serving in the US Senate. 

While Klobuchar previously supported the STATES Act, which would have prohibited the Department of Justice from cracking down on marijuana in states that have legalized the drug, she did not endorse the Marijuana Justice Act, that would have taken marijuana off the list of Schedule I drugs.

The senator’s announcement comes after other major presidential Democratic candidates, including Sen. Kirsten Gillibrand, Rep. Tulsi Gabbard, Sen. Cory Booker, Sen. Elizabeth Warren, Mayor Pete Buttigieg, and Sen. Bernie Sanders, endorsed marijuana legalization. 

Sen. Kamala Harris, a former prosecutor who initially didn’t support California’s 2010 push to legalize marijuana, is also on board with legalization, admitting in a recent interview that she used the drug in college. 

Read more: Kamala Harris’ father said she disgraced her Jamaican family by using a ‘fraudulent stereotype’ to joke about smoking weed

While Klobuchar is currently considered one of the more centrist Democrats in the field, support for marijuana legalization has become a mainstream stance among most Democrats — especially those trying to win over young voters.

The question of legalization is also an issue of racial justice for many candidates, who emphasize the persistent racial disparities in marijuana arrests and convictions as a reason to reform federal law. 

On the other hand, former New York City Mayor Michael Bloomberg, who is also weighing a 2020 presidential bid, was heavily criticized for recently calling recreational marijuana legalization, "perhaps the stupidest thing anybody has ever done."

Recreational marijuana is currently legal in 10 states and the District of Columbia.

NOW WATCH: Donald Trump’s connection with Vince McMahon and WWE spans decades

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SEE ALSO: Cory Booker kicked off his 2020 presidential campaign by calling for legal marijuana

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I wasn’t sure Everlane was worth the hype until I tried these sweaters

The Insider Picks team writes about stuff we think you’ll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

everlane ledeEverlane/Amir Ismael

  • I kept hearing great things about Everlane from my coworkers, but I’d never tried any of its clothing.
  • I got the chance to try out Everlane’s ReNew Fleece Crewneck ($65) and Heavyweight Cashmere Hoodie ($160) through work, and now I understand why its clothing is so loved.
  • I was so impressed with the styles and fit of the pieces that I immediately bought more for myself.

I have a lot of clothes. Between the many pieces I’ve bought for myself and the ones I’ve tested through work, I’ve amassed what some would say is an unhealthy amount of clothing. Ranging from vintage treasures found on eBay to the latest from up-and-coming startups, I’ve cast my net pretty far and wide.

A few months ago, during one of our regular conversations at work about brands we love, Everlane came up. My coworkers were raving about how much they love Everlane’s minimalist basics, but I just couldn’t relate. When I revealed that I didn’t own anything from the company, they let out a collective gasp. For how often the members of our team shop at and review new styles from Everlane, they couldn’t believe I’d never worn any of its clothes.

I was given the opportunity to test a few of Everlane’s new launches so I could give a first-timer’s perspective to readers who are also new to the brand. I’m a huge sucker for cozy tops like fleeces and sweaters, so I went with the ReNew Fleece Crewneck ($65) and the Heavyweight Cashmere Hoodie ($160). Long story short, Everlane is completely worth the hype.

renew crewneckEverlane

The new ReNew Collection features apparel and outerwear made out of recycled plastic. Each garment consists of anywhere from 16 to 60 recycled water bottles. The ReNew Fleece Crewneck, in particular, uses 35 plastic water bottles. Being that plastic is one of the most wasteful and wasted materials on earth, it’s great to see Everlane doing its part to reduce its carbon footprint with quality clothing. For socially conscious consumers, it’s a product they can buy without any lingering guilt. But that only matters if the sweater itself is actually comfortable.

I ended up wearing the ReNew Fleece Crewneck first and was instantly sold. The fleece is super soft, comfortable, and warm. Had it not been marketed as a recycled product, you’d have no idea it was made out of the same material that heavily litters streets and waterways and ends up in landfills.

I liked the crewneck Everlane sent over so much that after just one wear, I bought the $70 ReNew Fleece Half Zip for myself. As it pertains to clothes, it usually takes a product being very limited in stock, collectible, or on sale to get me to buy it, but neither was the case for Everlane. I paid the full price for the ReNew Fleece Half Zip because it’s already a solid value (the company is direct-to-consumer so it gets to avoid retail markups) and I knew it could be worked into my wardrobe easily and consistently. In fact, I actually wore it before moving on the Heavyweight Cashmere Hoodie I originally received.

Read more:  Three Insider Picks reporters fully review the Everlane ReNew Collection

EverlaneEverlane

My coworker Malarie’s review on Everlane’s cashmere turtleneck is what motivated me to choose something cashmere for the second piece I’d try. In her review, she describes herself as "notoriously frugal" and as someone who "rarely spends $100 on anything." Yet and still, Everlane‘s $155 cashmere turtleneck proved to be a well-worth buy for her. 

Personally, I’ve spent quite a bit more than that on a handful of different fleeces and sweaters in my closet, so with a recommendation coming from someone who hadn’t, I knew it had to be excellent quality — and my suspicions were confirmed as soon as I touched my hoodie. 

Made out of Grade-A fine cashmere sourced from Mongolia, the material is designed to resist piling and get softer with multiple wears. It’s also 86% thicker than Everlane‘s $100 cashmere pieces. I’m not a cashmere connoisseur, but it is amazingly soft on the skin and definitely one of the better-made cashmere pieces I’ve owned. 

I’m also a big fan of the hooded design because it’s unique. Typically, when you think of cashmere, more traditional silhouettes like a crewneck or turtleneck come to mind. This piece packs the elegance of cashmere with the casual comfort of a hoodie — and in my book, that’s a major win. 

EverlaneEverlane

I’ve tried plenty of great brands at work, but very few have left an impression so positive that I was compelled to buy more products less than a day after receiving free samples — and truth be told, I’m already eyeing a few more pieces to buy.

If you’ve been hesitant about wearing Everlane, hopefully your concerns have been quelled. 

Shop men’s clothing at Everlane here.

Shop women’s clothing at Everlane here.

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Charles Barkley called out critics who argued Zion Williamson should sit out the rest of the year to stay healthy for the NBA after his shoe exploded

Charles Barkley@NBAonTNT / Twitter

  • Duke superstar Zion Williamson was forced to leave Wednesday night’s game after his shoe blew out in the opening seconds.
  • The injury prompted many in the NBA world to call on Williamson to hold off returning to the court until he was drafted.
  • On the other side of the debate was NBA legend Charles Barkley, who insisted that basketball is more than money.

Duke superstar Zion Williamson was forced off the court with an injury just seconds into the Blue Devils’ game on Wednesday night after his foot busted right through his shoe.

With Williamson projected as the top overall pick in the 2019 NBA Draft, the injury scare led to many in the basketball world to suggest that he sit the remainder of the season out, regardless of the severity of his injury.

There’s sound logic to the case — Williamson has done all he needed to do in college basketball to prove that he’s worth a top pick in the draft, and any more games spent playing for free with the Blue Devils do come with the inherent risk of injury.

No one would fault Williamson if he decided to hang up his Nikes until he was getting paid to lace them up and take the court.

Read more: The NBA world called on Zion Williamson to sit out the rest of the college season after his freak injury reignited a debate over NCAA rules

Still, there were those that called on Zion to play, none with more zeal than Charles Barkley, who spoke out against those that said Williamson should sit on "Inside the NBA" on Thursday night.

"When did we get to the point where all people care about is money?" Barkley asked, before running through the college credentials of himself and his fellow players on the "Inside the NBA" crew.

"Shaq played college for two years — three. Kenny played for four, I played for three, Michael Jordan played for three, Tim Duncan played for four, David Robinson played for four. Some of the greatest players ever — Wilt Chamberlain, Larry Bird, Magic Johnson — played. When did we get to the point where you’ve got clowns on television saying, ‘Oh, don’t play.’ That’s what you do, Ernie. That’s what we do. We play basketball."

Barkley said he was sympathetic to those worried about an injury derailing his career, but noted that the love of the sport for those that play it goes beyond money.

"I don’t ever want to see anybody get hurt," Barkley said. "This kid looks like he’s going to be a fantastic player. But I get so mad when people act like money’s the only thing that matters in the world. Like, ‘Oh dude, you’re going to go in the NBA. Don’t play.’ I mean, that’s ridiculous."

There are cases to be made on both sides of the debate, but in the end, Williamson should do whatever he feels is right for him, and as Barkley notes, sometimes players just want to play.

  • Read more:

Puma came under fire for a tweet that appeared to mock Nike and Zion Williamson’s injury

Zion Williamson was wearing a $110 pair of Nike sneakers when one shoe exploded and he injured his knee

Zion Williamson’s exploding shoe isn’t as uncommon as you might think

Paul George says he spoke with Nike after Zion Williamson tore through his shoe, and nobody knows how it happened

NOW WATCH: Tom Brady and Gisele Bündchen have a combined net worth of $580 million. Here’s how the power couple makes and spends their money.

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Trump’s fight against Amazon is looking bleak as a major USPS partner ditches the postal office in hopes to work with the e-commerce behemoth

USPSAP Photo/The Republic, Joel Philippsen

  • USPS lost a big partner this week when Stamps.com terminated their long-standing exclusive arrangement with the postal service.
  • In the call where he announced the end of the partnership, Stamps.com CEO Ken McBride lauded Amazon’s delivery network.
  • It’s a major loss for President Donald Trump’s long-standing feud against Amazon founder Jeff Bezos. Among other sentiments, Trump has accused Amazon of swindling the USPS. 

 

The long-standing e-commerce partner of the US Postal Service dumped the post office this week.

Stamps.com CEO Ken McBride is instead going all in on FedEx, UPS, regional delivery services, Uber Delivery, and others. But Amazon takes the cake when it comes to innovation in shipping during the e-commerce era, McBride told investors on a call Thursday evening.

"Amazon has an amazing network they built worldwide despite only having 27 going to 40 planes," McBride said. "And they built it in the last few years and they’ve built it with e-commerce in mind and a lot of the other carriers have networks that are much older."

Read more: It’s becoming clearer than ever that Amazon is developing a 3rd-party logistics service to edge out FedEx and UPS now that Stamps.com has dumped USPS 

It’s hardly the first time Amazon, which filed as a transportation company earlier this month, has flare-ups with the USPS. Last year, President Donald Trump railed for months against Amazon’s use of USPS for delivering parcels. He argued that Amazon was cleaning up by shipping goods with the post office’s low costs.

"Amazon has the money to pay the fair rate at the post office, which would be much more than they’re paying right now," Trump told reporters last year. Trump has often made public his distaste with Amazon.

 

Indeed, the USPS lost $3.9 billion in fiscal year 2018, according to a December 4 report from the Task Force on the United States Postal System. Its cumulative losses are nearing $70 billion.

Read more: USPS is hemorrhaging billions of dollars a year and it might sell the rights to your mailbox to turn a profit

That’s hardly because of Amazon, though. A larger contributor to the post office’s woes is a 2006 law passed under President George W. Bush surrounding prefunding retirement benefits. That law required the USPS to determine how much it would spend on pension over the next 75 years and quickly build up a fund to cover all of it.

According to USPS’ Inspector General, the new requirement to prefund retiree benefits accounted for $54.8 billion of the agency’s $62.4 billion loss incurred between 2007 and 2016.

Still, Stamps.com ending its exclusive partnership with USPS is likely to be a major loss. As the post office’s e-commerce partner, Stamps.com generated $586.9 million in revenue in 2018, an uptick of 25% from 2017.

Right now, Stamps.com works with Amazon in Australia and the UK. McBride said he wants to expand that relationship to the US in 2019. 

Whatever the cause of the post office’s financial woes, the move from Stamps.com to end its partnership with the postal office is a clear warning shot against the anti-Amazon battle Trump is waging — and Trump’s war against its founder Jeff Bezos (who he sometimes calls "Jeff Bozo").

NOW WATCH: Here’s what it’s like to drive trains on London’s Tube — one of the most complicated subway systems in the world

See Also:

SEE ALSO: Trump is doubling down on his claims that Amazon uses the US Postal Service as a ‘delivery boy,’ and it could be a major blow to countless American businesses

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Elon Musk hosted PieDiePie’s latest episode of ‘Meme Review’ — watch it here (TSLA)

Elon MuskPewDiePie/YouTube

  • Elon Musk co-hosted mega-popular YouTuber PewDiePie’s "Meme Review," giving his take on popular internet memes. 
  • Musk’s favorite memes included one of himself face swapped with rapper Post Malone, giving the tech billionaire face tattoos and a scruffy beard. 
  • Watch Musk on "Meme Review" here.

Elon Musk proves once again that he’s a man of the people — or, at least, the people who spend a lot of time online.

On Friday, Tesla’s chief exec co-hosted mega-popular YouTube star PewDiePie’s "Meme Review" segment, sharing the spotlight with "Rick and Mort"  co-creator Justin Roiland. The two gave their take on popular internet memes, some of which included Musk himself.

PewDiePie titled the episode "Will Smith hosts Meme Review," though he was clearly trolling his viewers. Discussions of Smith did come up earlier in the episode, especially about his upcoming role as Genie in Disney’s remake of "Aladdin," but it was Musk that was the major reveal — making good on a promise Musk recently made on Twitter.  

The segment definitely had its cringey moments, like when Musk gave a brief history on the origin of memes, or had to review a particularly disturbing meme about a dead animal. 

Musk’s favorite memes included one of himself face swapped with rapper Post Malone, giving the tech billionaire face tattoos and a scruffy beard. Another was a photo of Queen Elizabeth standing next to a bishop on black and white tiles. "Be aware she can move in any direction," read the meme. 

Musk gave the chess joke his highest rating of the segment. 

Read more: Elon Musk says he’s finally going to host PewDiePie’s show about internet memes — here’s why that’s a big deal for the YouTuber

PewDiePie mentioned earlier on the show that "after everything this channel has gone through" having Musk "would be the best thing that could possibly happen."

Since last year, the controversial Swede has been in danger of being overtaken as YouTube’s top channel by an Indian company called T-Series, which largely posts Bollywood music videos. The competition, however, has inspired a campaign by PewDiePie not to let T-Series take his top spot, resulting in massive increases to his monthly subscriber count. Having Musk in his corner could help in that battle.

NOW WATCH: Earth’s north magnetic pole is on the move — here’s what will happen when our poles flip

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Everything to know about the Florida spa at the center of the Robert Kraft sex scandal

orchids of asia day spaJoe Raedle/Getty Images

Orchids of Asia Day Spa in Jupiter, Florida, has become the epicenter of a large-scale human trafficking and prostitution investigation involving multiple spas and massage parlors.

Patriots owner Robert Kraft was charged Friday with two counts of soliciting prostitution. He was allegedly a customer at Orchids of Asia Day Spa in Jupiter, Florida, which is about 20 miles from Palm Beach and 30 minutes from Donald Trump’s Mar-a-Lago club.

Jupiter police say Kraft paid for sexual services at the spa and that there is video evidence of Kraft in both instances. Kraft has denied any illegal activity. So far, 173 people have been charged with crimes in relation to the ring.

Police say women lived in the parlors and were coerced into having sex for money.

Read more: Reviews on an illicit massage website helped Florida police crack a massive sex trafficking and prostitution ring that Patriots owner Robert Kraft has been tied to

The spa offers services including waxing, anti-aging facials, acne treatment, and 11 different types of massages, including a "Tokyo Ultimate 4 Hand" massage.

Here’s everything we know about the spa at the center of a prostitution scandal. 

Orchids of Asia Day Spa in Jupiter, Florida, has become the center of a massive prostitution and human trafficking bust involving multiple spas and massage parlors.

Orchids of Asia Day Spa/Facebook

Source: Business Insider

Robert Kraft, owner of the New England Patriots NFL team, was charged Friday on two counts of soliciting prostitution. He is accused of paying for sexual services at Orchids of Asia Day Spa. Police say there is video evidence linking him to the incidents.

REUTERS/Lucy Nicholson

Source: Business Insider

Kraft’s arrest comes as part of a large-scale human trafficking and prostitution bust in Florida involving multiple spas and massage parlors. Police say women lived in the parlors and were coerced into having sex for money.

Joe Raedle/Getty Images

Source: Business Insider

See the rest of the story at Business Insider

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SEE ALSO: NFL insider Adam Schefter says Robert Kraft ‘is not the biggest name involved’ in Florida prostitution ring

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6 unexpected tax breaks you can claim on your tax return

american flag fans olympicsGrigory Dukor/Reuters

  • There are several legitimate ways to pay less taxes.
  • Tax deductions reduce your taxable income, while tax credits lower your tax bill.
  • A few of the most under-the-radar tax breaks include deductions for jury duty and bringing your pet to work (but only if they’re working, too).

There are several legitimate ways to pay less taxes

There are hundreds of tax breaks available to Americans in the form of deductions, which reduce the amount of your income that’s taxed, and credits, which lower your overall tax bill.

When filing a federal tax return, you can either itemize deductions or claim the standard deduction, which is $12,000 for single filers, $18,000 for head of household filers, and $24,000 for married couples filing jointly. 

If your itemized deductions total more than the standard deduction, it may be worth the extra time it often takes to itemize, experts say. Typical deductions filers can claim include medical expenses, charitable donations, state and local taxes (SALT), mortgage interest, and student-loan interest. Some deductions are available even if you don’t itemize.

Read more: 10 things you probably didn’t know you could deduct on your taxes

Tax credits can be claimed whether you itemize or not; the most popular ones include the child tax credit, earned income tax credit, and the American Opportunity tax credit.

But those are just a few of the many tax breaks available to Americans. Here are a few you may not have heard of:

1. Charity work deduction

If you volunteered for a charitable organization in 2018 and drove there, you can deduct the cost of parking and toll fees and some gas (14 cents per mile), according to NerdWallet.

You can also deduct up to $250 worth of supplies you purchased for charity purposes, like food for a soup kitchen, if you kept all your receipts. If you want to deduct more than $250, it requires documentation from the charitable organization.

2. Gambling losses deduction

If a trip to Las Vegas or Atlantic City left you nearly penniless, you can recoup some of those losses come tax time. You can include gambling losses as tax deductions if you itemize, NerdWallet explained.

Money lost at a casino or racetrack qualifies, as does money spent on bingo, lottery, or raffle tickets, but only if the ticket was a loser — the amount you deduct cannot exceed the winnings you claim as income. 

3. Jury duty pay deduction

If you’re summoned for jury duty, your employer may offer regular pay or paid leave to attend, and the court may pay you for your time — typically between $10 and $30 a day, according to TurboTax. In both situations, the money you receive is counted as taxable income.

However, some employers require employees to hand over their jury duty pay. If that’s the case, you must still claim the pay as part of your income, but on your tax return you can claim the pay as a deduction, resulting in a zero net gain.

4. Guard dog deduction

Believe it or not, the IRS may actually consider your pet’s medical, training, or food costs a business expense. If you bring your dog to work and can show that they’re necessary on site (maybe even protecting your business’ inventory), you may be able to deduct the cost of caring for the dog, Bankrate explained. Your chances may be better if the dog is a breed that would call for a "beware of dog" sign.

5. College tuition and fees deduction

Students earning less than $80,000 (single) or $160,000 (married, filing jointly) can deduct up to $4,000 in tuition and fees on their tax return. This is an above-the-line deduction, meaning you don’t need to itemize to claim it.

6. Retirement account savings credit

The Saver’s Credit enables low- to moderate-income taxpayers saving for retirement to reduce their tax bill by up to $1,000, or $2,000 if married and filing jointly. 

To be eligible for the Saver’s Credit, you must meet three requirements: You’re at least 18 years old, not a full-time student, and aren’t claimed as a dependent on someone else’s return. Your adjusted gross income (AGI) also must be less than $31,500 if you’re a single filer, and less than $63,000 if you’re a joint filer.

Depending on your income, you can claim a credit that’s equal to 50%, 20%, or 10% of the first $2,000 in contributions to your retirement account or Achieving a Better Life Experience (ABLE) account (a tax-advantaged savings account for people with disabilities and their families). 

NOW WATCH: What it’s like to do your own taxes for the very first time

See Also:

SEE ALSO: 5 tax breaks you can’t get anywhere but the US

DON’T MISS: More than 76 million Americans don’t pay federal income taxes, but it’s not usually the luxury you might think

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The 25 CEOs whose pay is most wildly out of sync with their company’s performance

bob iger disney mickey mouseDrew Angerer/Getty Images

  • Check out which 25 CEOs on the S&P 500 earn a salary that’s higher than expected, given shareholder return.
  • The list appears in a report from As You Sow, a nonprofit focused on shareholder advocacy.
  • As You Sow also calculated the ratio of CEO pay to median employee pay.
  • Ronald F. Clarke, CEO of Fleetcor Technologies Inc., took the top spot: He makes about $53 million a year, which means he’s overpaid by 263%.

Most CEOs make a lot of money. No surprise there.

In fact, the typical CEO made a whopping 312 times their median employees’ salary in 2017, according to the Economic Policy Institute.

But some chief executives earn salaries that are seemingly disproportionate to their company’s shareholder returns. A new report from As You Sow, a nonprofit focused on shareholder advocacy, ranks the most "overpaid" leaders on the S&P 500.

To figure out who’s overpaid, As You Sow calculated the ratio of CEO pay in 2018 to total shareholder return at each company, as well as the companies where the most shares were voted against the CEO pay package (the first ratio was weighted double).

Ronald F. Clarke, CEO of Fleetcor Technologies Inc., which makes corporate payment products, took the No. 1 spot. According to the analysis, Clarke is overpaid by 263%. His expected pay based on Fleetcor’s performance is $14,483,985; his actual pay is $52,643,810. Per the report, 86% of shareholders voted against Clarke’s pay package.

Because there was a change in CEO at a few companies (Oracle Corp., The Walt Disney Co., TransDigm Group, Inc., and Discovery, Inc.), the salary of the higher-paid CEO was counted.

Below, we’ve listed the 25 most overpaid CEOs, as well as each of their salaries, the median employee salary at their company, and the pay ratio.

Read more: A new study found CEOs at America’s biggest companies raked in $19 million on average last year, while workers’ pay barely budged

25. Randall Stephenson, AT&T, Inc. 

CEO pay: $28,720,720

Median employee pay: $78,437

Pay ratio: 366:1

24. Reed Hastings, Netflix, Inc.

CEO pay: $24,377,499

Median employee pay: $183,304

Pay ratio: 133:1

23. Paal Kibsgaard, Schlumberger NV

CEO pay: $20,759,340

Median employee pay: $88,604

Pay ratio: 234:1

22. Brenton Saunders, Allergan Plc

CEO pay: $32,827,626

Median employee pay: $94,064

Pay ratio: 349:1

Brian Roberts Comcast 8006Business Insider

21. Brian Roberts, Comcast Corp.

CEO pay: $32,520,224

Median employee pay: $71,006

Pay ratio: 458:1

20. Ari Bousbib, IQVIA Holdings, Inc.

CEO pay: $38,029,517

Median employee pay: $97,997

Pay ratio: 388:1

19. Richard B. Handler, Jefferies Financial Group, Inc.

CEO pay: $21,787,285

Median employee pay: $44,584

Pay ratio: 489:1

18. Leonard S. Schleifer, Regeneron Pharmaceuticals, Inc.

CEO pay: $26,508,058

Median employee pay: $123,418

Pay ratio: 215:1

17. Mark D. Okerstrom, Expedia Group, Inc.

CEO pay: $30,720,457

Median employee pay: $71,696

Pay ratio: 428:1

Debra CafaroCourtesy of Ventas

16. Jeffrey A. Miller, Halliburton Co.

CEO pay: $23,078,364

Median employee pay: $79,636

Pay ratio: 290:1

15. Debra A. Cafaro, Ventas, Inc.

CEO pay: $25,254,607

Median employee pay: $88,630

Pay ratio: 285:1

14. James Cracchiolo, Ameriprise Financial, Inc.

CEO pay: $23,900,309

Median employee pay: $107,082

Pay ratio: 223:1

13. Gary A. Norcross, Fidelity National Information Services, Inc.

CEO pay: $29,141,610

Median employee pay: $44,556

Pay ratio: 654:1

12. Stephen Kaufer, TripAdvisor, Inc.

CEO pay: $47,933,462

Median employee pay: $99,643

Pay ratio: 481:1

Margo GeorgiadisREUTERS/Steve Marcus

11. David M. Zaslav, Discovery, Inc.

CEO pay: $42,247,984

Median employee pay: $80,858

Pay ratio: 522:1

10. E. Hunter Harrison, CSX Corp.

CEO pay: $151,147,286

Median employee pay: $98,697

Pay ratio: 1531:1

9. Margaret H. Georgiadis, Mattel, Inc.

CEO pay: $31,275,289

Median employee pay: $6,271

Pay ratio: 4,987:1

8. Brian Duperreault, American International Group, Inc.

CEO pay: $43,086,861

Median employee pay: $64,186

Pay ratio: 671:1

7. W. Nicholas Howley, TransDigm Group, Inc.

CEO pay: $61,023,102

Median employee pay: $46,742

Pay ratio: 1,306:1

Hock Tan Broadcom CEOPhoto by Martin H. Simon – Pool/Getty Images

6. Robert Iger, The Walt Disney Co.

CEO pay: $36,283,680

Median employee pay: $46,127

Pay ratio: 787:1

5. Stephen Wynn, Wynn Resorts Ltd.

CEO pay: $34,522,695

Median employee pay: $44,437

Pay ratio: 777:1

4. Dirk Van de Put, Mondelez International, Inc.

CEO pay: $42,442,924

Median employee pay: $42,893

Pay ratio: 990:1

3. Hock Tan, Broadcom, Inc.

CEO pay: $103,211,163

Median employee pay: NA 

Pay ratio: NA

2. Mark V. Hurd/Safra Catz, Oracle Corp.

CEO pay: $81,562,244

Median employee pay: $89,887

Pay ratio: 907:1

1. Ronald F. Clarke, Fleetcor Technologies Inc

CEO pay: $52,643,810

Median employee pay: $34,700

Pay ratio: 1,517:1

NOW WATCH: We tried to buy people’s lottery tickets for more than they paid — it shows why we overvalue something simply because we own it

See Also:

SEE ALSO: Regular workers now have to work for 167 years to make as much as CEOs do in one

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These 3 people have cracked the code to making major profits while working fewer hours per week. Here’s how they did it.

man counting moneyiStock

Although a 40-hour workweek is seen as quite standard for many Americans, most people would rather be making more money while working fewer hours. Retiring early with plenty of cash to spare is a common financial goal and some people seem to have discovered the secret to building up their savings account without spending decades working a salaried job with a major time commitment.

Here are a few people who have cracked the code to making profits outside of the standard salary system.

After working in finance for 13 years, Sam Dogen wrote that he retired at 34 years old and he now lives entirely off of his passive income

MoneySudarshan negi/Shutterstock

In a 2018 article he wrote for CNBC, Sam Dogen said that at the beginning of his career he was working 70 or more hours per week, but he "escaped full-time work for good" 13 years later at the age of 34.  He wrote that one of his steps to success is that he’s been saving and investing ever since he got his first job.

According to the CNBC article, he began putting away at least 50% of his income after taxes as soon as he got his first post-college job at an investment bank. He wrote that he used those funds to buy rental properties, stocks, bonds, and CDs (savings certificates with a fixed maturity date and interest rate) in order to build passive income streams. "Start your passive income journey as soon as possible because it takes a long time to build something significant," he wrote. 

In 2009, Dogen started a personal finance site called the Financial Samurai where he educates others about maximizing their income and productivity. And as his blog and profits from his investments and rental properties grew, Dogen wrote that he found himself making enough money to retire at age 34.

According to his CNBC article, Dogen and his wife don’t have day jobs and they live entirely off of passive income. According to his blog, in 2017 he made about $211,000 in passive income alone. He also wrote that he and his family continue to save money by driving a car worth less than 1/10th of their gross income, never buying new clothes, and taking advantage of free activities in the city during weekdays. 

He later wrote that he only works about 25 hours a week on his blog as of 2018.

Timothy Kim said he immigrated to the US with just $500 and by the age of 31 he had become a self-made millionaire

 

When he was a teenager, Timothy Kim and his parents immigrated to the US from Hungary. At the time, the Korean-born author said he had only $500 in his pocket. According to CNBC, he made his first successful investment in the stock market at age 19 and by the age of 31, Kim was a self-made millionaire. 

In 2018, Kim told CNBC that he attributes his success to listening to the advice of highly successful people. He said a former college professor who had become wealthy after making successful investments in the stock market told Kim and his fellow classmates to invest and so he did.

Kim said even though he was only making minimum wage at the time, he invested $1,000 into the stock market. And as he began to make profits, he continued to invest. "Every time I had extra money, I kept throwing it in [the stock market]," he told CNBC. 

In a 2017 article for Budgets Are Sexy, he wrote that he doesn’t see a point in "being the richest man in the graveyard," and that he considers money to be a transient kind of happiness. Rather than focusing on accruing more wealth, what he really cares about is building a legacy. "I want to create an impact on the world, an impact on society, in our communities, all over the globe! I want to create businesses that employ tens of thousands of people," he wrote. He currently runs the personal finance blog Tub of Cash.

"Efficiency is the name of the game," Kim wrote on his blog earlier this year. "Work is uncorrelated with success … Don’t listen to the ‘hustle 24/7’ nonsense you see everywhere." He also wrote that the amount of time you spend working is not a measure of wealth.

Entrepreneur Timothy Ferriss said he made more money working four hours per week than he did from working 80

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Timothy Ferriss is an author, podcaster, and self-help guru who rose to prominence for his book "The 4-Hour Workweek," a New York Times bestseller.

After graduating from Princeton University with a degree in East Asian Studies in 2000, Ferris started working in the sales department of a San Jose tech start-up. In an interview with ABC News, Ferriss explained how he used his spare moments at work to build an online business selling a performance-enhancing supplement called BrainQuicken. As his online business grew, Ferriss said he found himself working up to 90 hours per week.

Frustrated and exhausted after three years of what he called "overload," Ferriss said he decided to drastically reduce his workload by outsourcing much of his daily work and only checking his email once a week. In his book, Ferriss wrote that he was able to go from making $40,000 per year and working 80 hours per week to making $40,000 per month and working four hours per week.

Today, per his Linkedin page, Ferriss is an author, an investor, and an advisor to companies like Uber and Evernote. Ferriss told ABC his secret to maximizing his income while minimizing his work hours is cutting back on checking his email and employing virtual assistants to take care of everyday tasks and responsibilities that eat up valuable time. 

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Trump called Amazon’s abrupt New York HQ2 cancellation a ‘big loss’ and blamed the ‘radical left’ for the outcome (AMZN)

Donald Trump New YorkAP Photo/Kevin Hagen

President Donald Trump is blaming the "radical left" for Amazon’s decision to ditch New York as the site of its second quarters. 

In a press conference on Friday, Trump said that Amazon’s decision not to go ahead with its HQ2 plans in the Long Island City neighborhood of Queens is a "big loss for New York City." 

"If you look at the deal, the deal was not a great deal … they could have made a better deal than that — a much better deal," Trump said. "But still, I think it’s a loss for New York City."

Trump noted that the $3 billion in tax breaks that were offered to Amazon were not a check, but instead money that would be offered over a period of time as the company provided jobs and taxes in the area.

Read more: Alexandria Ocasio-Cortez says that $3 billion in tax credits should be given to the public, not Amazon — and a new poll shows that nearly half of Americans agree

The president additionally blamed progressive critics of Amazon for the outcome. 

"It’s the kind of thinking that our country is going to on the left, on the radical left," Trump said. "But, ultimately, it’s not good for jobs and it’s not good for the economy." 

"I come from New York City," Trump added. "I love New York City." 

Last week, Amazon announced it would not move forward with plans to build a headquarters in the Long Island City neighborhood of Queens.

Amazon said it made the decision because "a number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project."

Amazon’s plans raised concerns that the second headquarters could increase homelessness rates, send rents skyrocketing, paralyze public transportation, and create other problems for residents. As a result, many New York politicians and local activists spoke out against Amazon’s HQ2 plans over the last few months.

"Amazon is a billion-dollar company," Rep. Alexandria Ocasio-Cortez, who represents parts of Queens and the Bronx, tweeted in November. "The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here."

"Offering massive corporate welfare from scarce public resources to one of the wealthiest corporations in the world at a time of great need in our state is just wrong," the City Council member Jimmy Van Bramer and state Sen. Michael Gianaris, each of whom represents Long Island City, said in a scathing joint statement.

"We were not elected to serve as Amazon drones," they added.

NOW WATCH: Sneaky ways stores like H&M, Zara, and Uniqlo get you to spend more money on clothes

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SEE ALSO: Amazon has canceled its New York City HQ2 plans. Here’s why many New Yorkers opposed the project.

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