Apple Inc. is considering releasing a cheaper, smaller iPhone intended to compete with phones running on Google Inc.’s Android software.

By Roger Lowenstein (Bloomberg)

Chief executive officers are not the only highly paid people in America. It’s just their misfortune that, thanks to disclosure rules, they’re among the most visible. This proxy season coincides with an electoral cycle in which income inequality has become a populist issue for candidates in both parties, which means CEO paychecks will be scrutinized as never before. And what can’t evade discovery is that, even among the very rich, CEOs have been consistently overpaid.