Welcome to Axis ProRata, a podcast that takes just 10 minutes to get you smarter on the collision of tech business and politics.

Sponsored by AT&T. I'm Dan Premack. On today's show, the truth behind Facebook's horrible, no good, very bad day.

And why some of you, but only some, might soon be able

to get a tax deduction for your gym memberships. But first, huge CEO pay in the era of

income inequality. Now, all companies are publicly required to report how much their CEOs

and other top executives get paid, both cash and stock. But it turns out those numbers can be

pretty misleading because the companies only estimate the value of that stock. Axios reporter Bob

Herman, who will join us shortly, is up this morning with an analysis that shows that CEOs

running Fortune 500 companies last year took home 44% more than we thought, which represents billions and billions of dollars.

And the reason is because a lot of them sold shares in their companies at a higher value than what their companies had originally estimated.

Now look, to be clear, this isn't about intentional deception. The companies don't know in January what the stock is going to be worth in August.

But it does mean that CEOs have effectively gotten huge, enormous raises,

while ordinary worker salaries continue to stagnate.

It's the sort of thing that could, and to be honest, probably should,

have a major impact in the midterm elections,

as the benefits from last year's tax cuts so far have been almost all concentrated at the top.

In 30 seconds, we'll go deeper on this with Axios' Bob Herman.

But first, this from AT&T.

Here's one big thing you need to know.

Each year, over 2 million jobs go unfilled in this country.

That's a big number. And the reason why is simple.

There just aren't enough qualified candidates.

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