CEO pay

Executive Paywatch 2018: The Gap Between CEO and Worker Compensation Continues to Grow

Leave a Comment / Compensation / By max cyril

CEO pay for major companies in the United States rose nearly 6% in the past year, as income inequality and the outsourcing of good-paying American jobs have increased. According to the new AFL-CIO Executive Paywatch, the average CEO of an S&P 500 Index company made $13.94 million in 2017—361 times more money than the average U.S. rank-and-file …

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Republican takes aim at your right to know how high CEO pay is compared to typical workers

Leave a Comment / Corporate rules / By max cyril

As of January 1, companies will have to make public how much their CEOs make compared to what their average workers make. They don’t like that rule so much — enacted thanks to Dodd-Frank — and they might be able to get it killed. On Monday, the acting chairman of the Securities and Exchange Commission …

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Five Causes of Wage Stagnation in the United States

Leave a Comment / Uncategorized / By max cyril

A series of recent reports from the Economic Policy Institute (EPI) make clear the case for why wages have stagnated in the United States. Before digging into the details, it’s important to note a few things. First off, wage stagnation is not a small problem, it’s something that affects 90% of all workers. As one …

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SEC Issues Rule on CEO-to-Worker Pay Ratio Disclosures

Leave a Comment / Pay Ratio / By max cyril

Last week, the Securities and Exchange Commission (SEC) released a rule requiring companies to disclose the CEO-to-worker pay ratio. Despite objections by many corporations, the rule covers all employees including seasonal, international, and part-time workers. The SEC provides companies the option of using the entire workforce or a representative sample in the calculation. There will now be …

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It’s Lucrative at the Top

Leave a Comment / executive pay / By max cyril

According to a recent study commissioned by the New York Times, CEO pay is up 23%. Okay so the suites are doing well. Damn well. How are the rest of us faring? Non executive pay increased .5%. Yes, less than inflation. While CEOs race onward and upward, our pay shrinks. I heard an interesting segment …

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Too Much Money Can Make the Boss Mean

Leave a Comment / bosses, executive pay / By max cyril

Here’s another reason to do away with runaway CEO pay. A study shows bloated CEO pay can make the boss mean. The study examined the corporate behavior of 261 companies and found a close correlation between pay inequality and poor treatment of workers. In companies where CEOs made much more than their average workers, the …

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Time For More Executive Hard Time?

Leave a Comment / benefits, bonuses, CEO Performance, executive pay, financial reform / By max cyril

Angelo Mozilo, co-founder of Countrywide Financial, a.k.a. No-Income-is-too-Small-For-Us-to-Give-You-a-Mortgage, agreed to pay $67.5 million dollars to avoid a federal civil fraud suit about to go to trial. I know what you’re thinking, let’s hold a bake sale for Angelo. He clearly must be hurting. But chances are slim that you’ll see him at any soup kitchen, …

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Outsourced: No Laughing Matter

Leave a Comment / layoffs, unemployment, wages / By max cyril

Last week, NBC launched a new show that tries to find comedy in the all-too-real conditions of outsourcing. While the first episode was witty—making light of age-old cultural clashes and stereotypes, there is nothing funny about the reality of outsourcing and the impact it has both on the American worker and their counterparts around the world. For …

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What Do You Believe About Work That Is Wrong?

Leave a Comment / CEO Performance, Corporate rules, regulation / By max cyril

After fifteen years of writing Workplace911 and its predecessor Working Wounded I’ve concluded that there are a lot of myths about work. I thought it would be fun to tackle some of the bigger ones in this week’s blog. Check out my list below and send me some of your favorites. It’s impossible to be …

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Rule of Law Makes a Comeback