As CEO of Gap, Art Peck made more than 1,000x more than his employees, pocketing $20M a year. At the same time, the company’s stock lost more than half of its value during his tenure. Yet he still got a 33% pay raise. America has socialism for the rich, capitalism for the rest.

As CEO of Gap, Art Peck made more than 1,000x more than his employees, pocketing $20M a year.

At the same time, the company’s stock lost more than half of its value during his tenure. Yet he still got a 33% pay raise.

America has socialism for the rich, capitalism for the rest.

— Robert Reich (@RBReich) November 16, 2019