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It pays to be a greedy CEO and screw over your workers

by John Campanario posted Apr 20 2012 4:29PM
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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Topics : Social Issues
People : Paul RyanPay Watch
04/20/2012 4:29PM
It pays to be a greedy CEO and screw over your workers
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