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May 18, 2013
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 CEO Pay: A Teeny-Weeny Secret for Rich FolkPosted on Jun 28, 2011
The House Financial Services Committee has voted to repeal a provision in last year’s Dodd-Frank financial reform law requiring public corporations to report the ratio between CEO and median worker pay. It’s no secret that U.S. worker’s wages stagnated while the economy doubled in size since the early 1980s. As economist Robert Reich explains with uncommon clarity and brevity, most of those gains went to America’s wealthiest families who can and do purchase lawmakers, as this latest slap in the face to American workers plainly shows. —ARK
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By clearwaters, June 28, 2011 at 11:37 am Link to this comment
The depraved and ugly live in secrecy for good reason. They don’t do well in the
Report thislight of day.
By question, June 28, 2011 at 11:19 am Link to this comment
(Unregistered commenter)
How much more blatant must the arrogance become before American workers finally storm the executive water coolers? Who will organize the revolution? I used to think it would be Democrats but that’s now a joke. Then I thought it would be unions, but they’re under their own assault. Obama’s leadership motto is “Compromise first, last & in the middle”. Is there hope for a strong Progressive party? Will it require a serious of natural disasters plus government corruption to bring the US economy to its knees first?
Report thisBy faith, June 28, 2011 at 10:37 am Link to this comment
Vote out the current leadership- Include both houses of congress, the executive
Report thisbranch in that rebuke. We have allowed our leadership to be purchased with a
mere few shekels of silver by the corporations and extremely powerful and we no
longer are a government for the people, by the people, of the people. We, the
voters and workers merely exist out of sheer necessity to serve the powerbrokers
who need our labor. These are truly disconcerting times.
By kerryrose, June 28, 2011 at 10:35 am Link to this comment
Blessed with unbelievable profits from 1970-2007, the CEO’s decided it must be their genius that was raking in the dough, and so they rewarded themselves accordingly.
It never occurred to them that the reason profits were so high is because labor wages were stagnant. Imagine! Workers working harder, productivity on the rise, and making less.
What a windfall for the corporations! Raking it in and not paying workers a rising wage!
It must be CEO genius!
Report thisBy Robespierre115, June 28, 2011 at 10:25 am Link to this comment
Either we begin setting the streets aflame like the Greeks, or we are slaves of our own making.
Report this