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.

Tags: ,

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

No comments yet.

Leave a Reply

Nebraska Court Overturns Same-Sex Marriage Ban

Court clerks can begin issuing marriage licenses next week, March 9th

Report: Milkulski To Retire, Forgo Bid For Sixth Senate Term

Photo: Lingjing Bao/TRNS

Mikulski’s tenure in Congress began back in 1976 when she was elected to the House of Representatives, and would go on to make the jump to the Senate nearly a decade later.

Monday, March 2

● Foreign ownership of U.S. securities

● Bank fined for facilitating corrupt judges

● SEC charges Portuguese Ponzi schemers

● U.S. fires student debt collectors

● Slams, crams and phone company scams

● Record bust at the border

 

Monday at the Supreme Court

The Supreme Court building, Washington, D.C. (Photo by James Cullum)

On Monday, the Supreme Court will hear a case involving congressional redistricting and a case about teachers’ reports of child abuse

Photos: Bush, Paul, Santorum at CPAC 2015

Oh, and how could we forget Donald Trump? He was there, too.

Eleventh Hour: House Extends DHS Funding For Seven Days

The Senate earlier passed the seven-day extension bill, giving House Republicans a pass on a possible DHS shutdown