Areportfrom Oxfam released in January 2024pointed out that since 2019, the world's five wealthiest people have almost doubled their wealth, while nearly 5 billion people have become poorer.Using data from Forbes, the report's authors calculated that the combined wealth of those five men Tesla CEO Elon Musk; Bernard Arnault of Louis Vuitton; Amazon founder Jeff Bezos; Oracle founder Larry Ellison; and investor Warren Buffett increased from $453 billion in 2019 to $869 billion as of November 2023.

Do firms overpay top managers? What do you recommend (if anything) they do to stop this inequality?

REPORT: https://www.cnbc.com/2024/01/15/worlds-five-richest-men-have-doubled-their-fortunes-since-2020-oxfam.html