The Old Boys’ Club Is Alive and Well in Corporate America

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! Every day, Nomi shines a light on The Great Distortion. It’s a permanent disconnect between the markets and the real economy. And it’s set to intensify… Nomi believes the next chapter of The Great Distortion will begin in August, thanks to an event that is guaranteed to happen. It could trigger a $4 trillion market shock… and give investors the chance to make up to 10x in less than a month, even if stocks are crashing. To learn more, be sure to [join Nomi at an urgent investment briefing she’s holding on Wednesday, June 15 at 8pm ET](. The Old Boys’ Club Is Alive and Well in Corporate America By Nomi Prins, Editor, Inside Wall Street with Nomi Prins Several readers have been in touch in recent months to share their concerns about the widening gap between the earnings of the financial elite and ordinary Americans. Reader Jerry K. described today’s CEO compensation as “outrageous.” He believes there’s “some kind of good old boys’ club” at work. And I agree. Not only that, but as I wrote in my reply to Jerry in a recent Mailbag edition: This is another sign of The Great Distortion I’ve been telling you about between the financial elite and ordinary Americans. The money keeps flowing to the top, while everyone else gets screwed over! So today and tomorrow, in a special two-part series, I want to pull back the curtain on that old boys’ club. I’ll show you exactly how this pay gap has developed over the years… and why it’s only getting worse. But before I begin, I want to quickly remind you about an urgent, free event I’m holding tomorrow night. It’s called Great Distortion: The Next Chapter… At 8 p.m. ET tomorrow night, I’ll reveal the details of a new strategy I’ve been testing and perfecting over the last two years. It could help you make up to 10x your money – sometimes, in just a few weeks. So if you haven’t signed up for tomorrow’s briefing yet, don’t miss your chance. [Click here to automatically reserve your spot now](. Now, let’s get to today’s essay. But I have to warn you, some of what you read below will shock you. So strap yourself in… Recommended Link [[DEMO] Penny or Dollar? (Not what you expect)]( Something odd is going on with our money. If you understand what’s going on, you could come out far ahead if you make the right moves. But if you don’t, you could be blindsided in the days ahead. According to Nomi Prins, PhD, this could be the most important story in the financial world in 2022… It has little to do with stocks, bonds, or cryptocurrencies… In fact, it all traces back to the humble copper penny. [image]( Knowing this secret could unlock the key to lining your pockets with cash in the months ahead. [Click here to see Nomi’s short Demonstration.]( -- Making Hay in All Weathers In 2020, in the middle of a global pandemic… CEOs of the top 350 firms in the U.S. made $24.2 million, on average. This was up 18.9% on the previous year. Millions of Americans were out of work. But, for those who remained employed, typical worker compensation rose by just 3.9%. That wage growth is likely overstated, though. Because job losses were high among low-wage workers… which probably skewed the average wage higher. But this wealth gap between CEOs and ordinary workers didn’t start with the pandemic. And it likely won’t go away with it, either. In fact, as I’ll show you today, it goes all the way back to the 1980s… [Featured: Be Warned: Fill Up While You Can, America…]( CEOs’ Massive Pay Rise From 1980 to 2020, the average hourly pay of workers in America grew by just 17.5%, as you can see in this chart. That’s according to the Economic Policy Institute (EPI). And it has adjusted the figures for inflation. [Chart] The EPI also tells us that during that same period, productivity increased by about 62%. So workers’ wages have not risen in line with productivity. That’s a kick in the teeth, for sure… But it gets worse… You see, whatever pay rises the average American has managed to squeeze out, it’s nothing compared to his bosses… CEO pay grew by a whopping 1,322% (adjusted for inflation) during that same four-decade period. So it’s no surprise that the gap between the earnings of the average American worker and those of his CEO has widened significantly, too… In the three decades before 1980, CEOs were paid, on average, about 20 times more than the average American worker. But as you can see in the chart below, in 2020, CEOs were earning more than 200 times their workers… [Chart] Recommended Link [Caught on Camera - Florida man leaves crypto crowd speechless…]( True story. Florida man walks into a packed crypto conference… Executes weird 3-second Bitcoin “trick”... And then this amazing thing happens… [image]( [Click here to watch!]( -- CEO Pay Shooting Higher on Stock Options Now, you may say, “Well, CEOs have a lot of responsibility. I’m ok with them being paid more than me.” But there’s another, even more shocking, angle to this. Because there’s another element of CEO compensation that isn’t typically available to the average worker… Stock options. [Featured: Tech World Legend: This Is About to Cancel Wall Street]( Today, stock options tend to make up the lion’s share of CEO compensation. A CEO can cash in a stock option any time – typically, when the company’s shares are riding high. So when you include the value of their stock options when they cashed them in, CEOs earned 351 times the average American worker in 2020. [Chart] Just let that sink in for a moment… 351 times! The average American got paid $25.15 per hour in 2020. So if he worked an eight-hour day, he got paid about $200. But CEOs got 351 times that. That works out at about $70,000 per day! Ordinary workers would have had to work 350 days of the year to earn that. Recommended Link [BEWARE and PREPARE for August 1st]( [image]( Beware and prepare… Starting August 1st, 2022… A rare “trigger event” could ignite the biggest and fastest gains in history. Seven billionaires, major banks (including JPMorgan, UBS, Goldman Sachs), along with celebrities and Congressmen… Are now positioned to profit BEFORE this event goes live. In the past, these “trigger events” have rewarded early investors with gains as high as 8,642%... 4,289%... 11,698%...And 15,757%... The stakes are high. This could be a new wealth-creation event unlike any other. [Watch this urgent briefing now.]( -- What This Means for You and Your Money It seems like the money keeps flowing to the top, while everyone else gets screwed over. This is yet another sign of The Great Distortion between the financial world and real America I’ve been telling you about. As I mentioned earlier, I’ve developed a way to help you even the score… It involves a new strategy I’ve been testing and perfecting over the last two years. It’s based on the systems and analytics that my employers at Chase, Lehman Brothers, Bear Stearns, and Goldman Sachs paid me millions to develop during my 15 years working on Wall Street. In these distorted times, it could help you make up to 10x your money in less than a month… And the timing couldn’t be better. That’s because there’s an event guaranteed to happen this August… I believe it could unleash a $4 trillion market shock… and kick off the next chapter of The Great Distortion. Using my new system, you can take advantage of this distortion… whether the markets go up or down. In today’s extremely volatile markets, which I know have been tough for everyone, I bet that sounds like music to your ears! To find out more, join me for my urgent briefing tomorrow night at 8 p.m. ET. I’ll reveal all the details then… And to thank you for attending, I’ll even reveal the name of a stock my system is flashing a “buy” on right now so you can get started making money straight away. So don’t delay. [Click here to automatically sign up – for free – right now]( and be sure to tune in tomorrow night at 8 p.m. ET. I look forward to seeing you there. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. Tomorrow, in the second part of this two-part series on CEO pay, I’ll show you who’s leading the way in this “old boys’ club.” And why even the top 0.1% of American earners wouldn’t be admitted. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: The Old Boys’ Club Is Alive and Well in Corporate America). --------------------------------------------------------------- MAILBAG On Monday, Nomi shared an essay on the [complicated relationship between the U.S. and China](. Today, readers give their thoughts… I’d like to suggest professor Alfred McCoy’s new book, To Govern the Globe. It homes in on what China is up to and links it to the coming catastrophe of global warming. He is an expert in geopolitics and history and has done deep research on China’s rise and global warming. If only half of what he predicts comes true, we are in deep trouble. – Rick S. Nomi, I think you hit it on the head about China issues. God bless America. – Richard L. What are your thoughts on the “Old Boys’ Club” Nomi is writing about today? Is CEO compensation truly outrageous, like reader Jerry K. believes? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: The Old Boys’ Club Is Alive and Well in Corporate America). IN CASE YOU MISSED IT… [The End of The Dollar]( This will affect every single American… While most people were eating breakfast... or watching yet another hysterical pandemic update on the morning news... A dangerous plan was hatched in our nation’s capital. It was published by Forbes… but just as soon as it hit the news… it was quickly erased… scrubbed from existence. What was it 'they' didn't want Americans to see? Jeff Brown, founder and lead investigator for brownstone research... The man whose firm foretold some of the biggest turning points in history... the fall of the Soviet Union... the DotCom collapse... and President Trump’s “surprise” victory... Reveals the full story [here.]( [Click here to learn more.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [How to Earn Free Bitcoin]( [The Ultimate Guide to Taking Back Your Privacy]( [The Trader’s Guide to Technical Analysis]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. 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