Labor: Lavish CEO pay still rising

Discussion in 'Up to the Minute' started by Dark Knight, Apr 21, 2011.

  1. Dark Knight

    Dark Knight New Member

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    Remember the outrage over lavish Wall Street bonuses doled out in the wake of the financial crisis? The brouhaha supposedly put an end to the outrageous pay packages enjoyed by many American CEOs -- and not just in the financial sector.

    But over two years later, very little has changed. A new website launched by the AFL-CIO, aimed at focusing public attention on excessive executive compensation, touts some shocking numbers. Among them:


    http://news.yahoo.com/s/yblog_thelo..._thelookout/labor-lavish-ceo-pay-still-rising
     
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  3. Charlie09

    Charlie09 Former Member

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    If it's not federal dollars, I'm not sure what the issue is if a CEO is paid based on performance and meeting the goals set forth by the Board/Public Shareholders?

    At what point is too much money?

    Richard Trumka (the President of the AFL-CIO) increased his yearly salary by nearly $74,000—from $165,000 to $238,975— in the last four years. That amounts to a 44 percent salary increase. In addition, Trumka will also get an AFL-CIO pension equal to 60 percent of his top pay.
    http://www.laboreducator.org/laborsvoice60.htm - That's 7 union laborers at their median wage.....
     

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