What we’re reading (4/22)
“Alphabet CEO’s Pay Soars To $226 Million On Huge Stock Award” (Bloomberg). “The pay package awarded to Alphabet Inc. Chief Executive Officer Sundar Pichai soared to $226 million in 2022, boosted by a triennial stock grant, making him one of the world’s highest-paid corporate leaders.”
“Americans Escaping Pricey Cities Bring Higher Housing Costs, Inflation With Them” (Wall Street Journal). “Tampa, Fla., residents face some of the hottest inflation in the country, but when excluding sizzling housing costs, price increases are nearly as cool as in Minneapolis. The disparity shows regional inflation is heavily influenced by home prices and rent costs.”
“Why BuzzFeed Is Closing Its News Division” (DealBook). “BuzzFeed’s decision to shut its news division — an innovator in digital journalism that published both prizewinning investigations and listicles designed to get clicks — drew many bittersweet tributes online. But its closure is the latest reminder that digital media start-ups, which deep-pocketed investors once valued at astronomical sums, are facing headwinds.”
“IPO Market Shows Signs Of Life Even As Recession Fears Persist” (Bloomberg). “The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia. But a full-fledged recovery looks distant.”
“Testing Political Antitrust” (New York University Law Review). “Our findings do not support the political antitrust movement’s central hypothesis that there is an association between economic concentration and the concentration of lobbying power. We do not find a strong relationship between economic concentration and the concentration of lobbying expenditure at the industry level. Nor do we find a significant difference between top firms’ and other firms’ allocation of additional revenues to lobbying.”
