Executive Compensation Events
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Bonus Plans |
1902 |
Both Bethlehem Steel and United States Steel first paid cash bonuses to executives. |
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Pujo Committee Hearings |
1913 |
Congressional hearings on the “Money Trust” documented many of the illicit activities of Wall Street. Reform legislation followed. |
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Sixteenth Amendment. Federal Reserve, Federal Trade Commission, Clayton Act |
1913–14 |
Substantial federal reform legislation followed the Pujo Hearings, including new anti-trust and related legislation, the creation of the Federal Reserve System and Federal Trade Commission, and a permanent federal income tax. A major rationale for a progressive income tax was the incredible income inequality, typically associated with the ... |
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