The inflation myths

Oil and retail companies claim they have to raise prices as they continue to make higher profits

As prices of gasoline, food, and consumer products continue to rise, chief executive officers at many of those companies blame supply chains and shortages. But there is another factor that is becoming all-too apparent.

Median compensation soared 31 percent in 2021 over the previous year to an average of $20 million for the 100 chief executives at the largest U.S. companies surveyed by consultant firm Equilar. So it’s not just billionaires like Jeff Bezos and Elon Musk…