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

Listen: Jindal Says 2016 Decision Could Come Mid-June

Louisiana Gov. Bobby Jindal (R)

Jindal is waiting until Louisiana wraps up its current legislative session.

Report: DoJ Leaning Toward Opposing Comcast-Time Warner Cable Merger

Photo/TRNS

According to the report, lawyers have raised concerns that the proposed merger by Comcast would harm consumers.

Obama And Italian Leader Pledge Cooperation Over Extremism

Obama and the Prime Minister agreed that Italy is at a particular risk because of its geographic proximity to North Africa where violent extremism has grown in the last several years

Obama Defends New Trade Deal Policy

The new trade deal leaves some Democrats fearful of job outsourcing and lax labor and environmental regulations

Federal Court To Hear Arguments Over Obama’s Immigration Orders

The Obama administration is requesting an emergency stay on a ruling from a Texas judge who halted the president’s executive orders

Restoration

Thom Hartmann

Some activists are looking for natural solutions to climate change.