CBS's Mellody Hobson, Whose Husband George Lucas Is Worth $7 Billion, Slams Rich CEOs

Scott Whitlock | January 27, 2014
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[For more, see video cross-posted at NewsBusters.] CBS analyst Mellody Hobson, whose husband George Lucas is worth $7.3 billion, appeared on This Morning to slam excessive salaries for corporate bosses. Discussing income inequality and Barack Obama's planned discussion at the State of the Union, Hobson lashed out, "If you look today, the typical CEO makes 354 times more than the typical worker in his or her company, mostly his because there are so few women running companies. (How much more does the male Lucas make than the average worker?) She continued, "If you look back to 1980, that difference was just 42 times. So it's been that kind of income inequality that has started a lot of backlash and chatter..." Co-host Norah O'Donnell introduced the segment by highlighting a hyperbolic letter to the Wall Street Journal by CEO Tom Perkins comparing the treatment of the wealthy to Jews during the Holocaust. O'Donnell promoted, "[President Obama] calls [income inequality] one of the defining challenges of our time. How do you think that will be received by people in the business community?"