It Pays To Be A Greedy CEO And Screw Over Your Workers

The AFL-CIO is out with their new Executive Pay Watch report, revealing that CEOs at Fortune 500 companies made on average $12 million each in 2011.

The AFL-CIO is out with their new Executive Pay Watch report – revealing that CEOs at Fortune 500 companies made on average $12 million each in 2011.

They’re now getting paid 380-times more than their average worker. That’s a slight increase since 2010 – and a massive increase since 1980 – when, before Reaganomics, CEOs were paid only 42-times more than their average worker.

On top of that – CEO pay increased nearly 14% in 2011 – compared to a meager 2.8% increase in worker pay that same year.

The rich are getting richer and the poor are getting poorer – creating the largest wealth inequality gap in America since right before the Stock Market crash of 1929. And rather than doing something about it – multi-millionaire Congressman Paul Ryan and the Republicans want to make wealth inequality even worse with a $3 trillion tax cut for the nation’s Romney-rich.

We can’t afford to do that – in fact, we need to be doing just the opposite.

 We need to roll back the Reagan tax cuts – and make the Romney-super rich pay their fair share in taxes again.

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Thom Hartmann
Thom Hartmann is a progressive nationally and internationally syndicated talkshow host (also simulcast as TV in 40 million homes by Dish Network/Free Speech TV), and New York Times bestselling, four-time Project Censored winning author of 24 books in print in 17 languages on five continents. Follow Thom on Twitter @Thom_Hartmann

TRNS News Notes- 10/31

Midterm Madness: Down to the wire
Midterm Madness: Home stretch
Nurse defies Ebola quarantine: Rides bike
“Chicken$hit” still hitting the fan
Suspected cop killer survivalist captured
Chilling journal

Winfield Scott Retires, Five American Nuns Are Killed In Liberia, And Mount Rushmore Is Completed

Plus, President Johnson announces an end to the bombing campaign of North Vietnam, the Lincoln Highway is completed and Nevada becomes the 36th state.

Click here for: Friday, October 31

● Shrimp origins are questioned

● IRS adjusts taxes for inflation

● Gerber’s baby food doesn’t prevent allergies

● Charity accused of electioneering

● Coalition seeks restoration of whistleblower rights

● Divestiture ordered for media deal

LISTEN: The Day Ahead – October 31, 2014

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The Obamas celebrate Halloween, the UN dispatches its West African envoy to Burkina Faso and San Francisco celebrates its third World Series in five years.

Interview: Racial Inequality “A Major Factor” In South Carolina

Dr. Lonnie Randolph, Jr., President of the South Carolina NAACP spoke to TRNS after two former police officers pleaded guilty to excessive force by repeatedly tasering a 40-year-old black woman with mental disabilities.

Hagel Denounces Assisting Assad Regime

While immediate U.S. airstrikes in Syria have weakened the Assad regimes’ enemies, Secretary Hagel reaffirmed the Pentagon’s long term battle against the Assad regime