The rich are getting richer while the poor are getting poorer! 

Well that phrase is certainly true based on a newly released Oxfam report. And in case you’re wondering, we’re talking about billionaires, and a good number of large companies are owned by them (7 in 10). Is there a need to put a control on their corporate power, and what can be done to ensure the poor get sufficient support?

On this episode of Morning Shot, Sum Yee Loong, Professor of Accounting at the Singapore Management University weighs in.

Presented by: Ryan Huang 

Produced and edited by: Yeo Kai Ting (ykaiting@sph.com.sg)

Graphics credits: pixabay & its talented community of contributors