Half a century ago, the ratio of CEO-to-worker pay was around 20-to-1, according to the Economic Policy Institute. In 2013, it was 295.9-to-1. CEO compensation has increased by 937 percent just over the last three decades (since 1978). The rise compares with a dismal 10.2 percent hike for the average U.S. worker over the same period, putting into stark contrast the relative fortunes of the superrich and everyday employees in an increasingly economically divided America.
Prior to the 20th century, geologic discoveries were made by prospectors looking for gold. In the 20th century, geologists armed with the necessary knowledge and technology took the lead. They have provided the economy and industry with many different kinds of mineral raw materials: precious and rare metals, nuclear ore, hydrocarbons, rare earth ore, and other minerals. In the 21 century the exhaustion of the “visual” earth minerals has significantly complicated the task of geologists and prospectors. They have had to adopt, in addition to ground-based methods, air and space methods for their searches.
Despite the inexorable rise in small-cap data breaches, 80 percent to 90 percent of companies with revenues below $1 billion have no cyber insurance, according to the insurance data firm Advisen. Since many smaller companies lack the balance sheet strength to absorb the costs associated with cyber breaches, cyber insurance penetration in this segment will likely grow dramatically in years to come. Here are some issues that small-cap boards should keep in mind as their companies consider purchasing cyber insurance.