The world’s poorest 1.3 billion people live on $1.25 dollars a day. That amounts to, at most, $460 per person a year. If you added up the income of all these people, it would total $600 billion, an amount equal to what group of the richest Americans — the top 10%, 5%, 3% or 1%? The Globalist Research Center and the World Bank’s Branko Milanovic have the answer.
More invaluable advice from Robert A. G. Monks, analyzing the new breed of dysfunctional “drone corporations.” He calls out the most influential trustees of pension funds, endowments, and foundations by name to take responsibility. A must read by asset managers and trustees worldwide.