The unconscionable gap between CEOs and workers
We need an Elizabeth Warren
We need a firebrand. We need an Elizabeth Warren.
The Canadian Centre for Policy Alternatives released its annual report on executive compensation this week and a yawn was heard across this land. The data crunched in the report reminds us again of the unconscionable disconnect between the country’s top CEOs and the average worker. But the report’s standard phrasing — “By 11:33 a.m. on January 2, Canada’s richest CEOs will have already made what the average Canadian makes in a year” — is no longer getting the traction it once did. We have grown weary, defeated.
The average Canadian is likely unaware of the insightful reminders in the report. Executives at the top “receive bonuses in spades when their company’s stock goes up and somehow, they still receive them when the stock price falls.” They are rewarded when the corporation performs badly, even if they caused the corporation to perform badly. And remember the fleeting notion of taxing stock options? “When taxing stock options appeared as a plank in the federal Liberal platform in 2015, the C-suite
BETHESDA, MD.— Fewer Marriott guest records that previously feared were compromised in a massive data breach, but the largest hotel chain in the world confirmed Friday that about 5.25 million unencrypted passport numbers were accessed. The compromise of those passport numbers has raised alarms among security experts because of their value to state intelligence agencies.
The FBI is leading the investigation of the data theft and investigators suspect the hackers were working on behalf of the Chinese Ministry of State Security, the rough equivalent of the CIA.
The hackers accessed about 20.3 million encrypted passport numbers. There is no evidence that they were able to use the master encryption key required to gain access to that data.
Unencrypted passport numbers are valuable to state intelligence agencies because they can be used to compile detailed dossiers on people and their international movements. They are also very reliable and cannot be purchased on the dark web.
In the case of China, it would allow that country’s security ministry to add to databases of aggregated information on valued individuals. Those data points include information on people’s health, finances and travel.
“You can identify things in their past that maybe they don’t want known, points of weakness, blackmail, that type of thing,” said Priscilla Moriuchi, an analyst with Recorded Future who specialized in East Asia at the U.S. National Security Agency where she spent 12 years. She left the agency in 2017.
When Bethesda, Maryland, hotel chain initially disclosed the breach in November, the company said that hackers compiled stolen data undetected for four years, including credit card and passport numbers, birthdates, phone numbers and hotel arrival dates.
The affected hotel brands were operated by Starwood before it was acquired by Marriott in 2016. They include W Hotels, St. Regis, Sheraton, Westin, Element, Aloft, The Luxury Collection, Le Méridien and Four Points. Starwood-branded timeshare properties were also affected. None of the Marriottbranded chains were threatened.
Marriott said Friday that it now believes the overall number of guests potentially involved is around 383 million, less than the initial estimate of 500 million, but still one of the largest security breaches on record.
The 2017 Equifax hack affected more than 145 million people. A Target breach in 2013 affected more than 41 million payment card accounts and exposed contact information for more than 60 million customers.