CEO

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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Republicans Working Against Workers

Leave a Comment / Uncategorized / By max cyril

Ever-worsening is the chasm between the loaded, who luxuriate in gated communities, and the workers, who are hounded at their rickety gates by bill collectors. Even though last week’s Bureau of Labor Statistics report showed unemployment at a low 4.4 percent, wages continue to flatline, killing both opportunity and the consumer economy. Meanwhile, corporations persist …

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Davis-Bacon Is Not Racist, and We Need to Protect It

Leave a Comment / Prevailing Wage Act / By max cyril

In 1931, a Republican senator, James Davis of Pennsylvania, and a Republican congressman, Robert Bacon of New York, came together to author legislation requiring local prevailing wages on public works projects. The bill, known as Davis-Bacon, which was signed into law by President Herbert Hoover, also a Republican, aimed to fight back against the worst practices of …

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Uber has started firing employees following harassment probe

Leave a Comment / sexual harassment / By max cyril

Heads are starting to roll at Uber following thecompany’s internal investigation into hundreds of claims regarding sexual harassment, discrimination, retaliation, and other workplace transgressions. The ride-sharing company has fired at least 20 people, Bloomberg reported on Tuesday. Perkins Coie LLP, the legal firm hired to conduct the investigation, handed out recommendations to Uber executives regarding …

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Bosses are stealing billions from their workers’ paychecks, but it’s not treated like a crime

Leave a Comment / wage theft / By max cyril

Here’s a kind of theft almost no one goes to prison for. When an employer doesn’t pay workers the money they’ve earned, it has the same effect as if they got paid and then walked out on the street and had their pockets picked. But somehow wage theft—not paying workers the minimum wage for the hours …

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A Winning Week for Corporations and Wall Street—Paid for by Your Health and Retirement

Leave a Comment / healthcare, retirement / By max cyril

Corporations and Wall Street won big last week, and working people will pay a high price for it. Here are three things Congress did for Big Business that will harm working people’s health care and retirement: 1. 7 million fewer people will get workplace health benefits. Last Thursday, the U.S. House of Representatives passed the so-called American …

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5 Things You Need to Know from the AFL-CIO’s New Executive Paywatch Report

Leave a Comment / executive pay / By max cyril

Today, the AFL-CIO released the 2017 edition of its Executive Paywatch report. The Executive Paywatch website, the most comprehensive, searchable online database tracking CEO pay, showed that in 2016, the average production and nonsupervisory worker earned some $37,600 per year. When adjusted for inflation, the average wage has remained stagnant for 50 years. AFL-CIO President …

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“The market rate for me as a C.E.O. compared to a regular person is ridiculous, it’s absurd”

Leave a Comment / Uncategorized / By max cyril

Pearls of wisdom. Not the economics–because it is absurd, the reality not of “free market” competition but the reality of cronyism, corruption and greed. But, Dan Price saw the immorality of paying people shit and did something about it: he cut his pay and is raising everyone’s wages. A caveat: I am naturally hesitant to …

“The market rate for me as a C.E.O. compared to a regular person is ridiculous, it’s absurd” Read More »

President Of Florida-Based Company Threatens To Fire Employees If Romney Loses

Leave a Comment / economy, election, Employment, Workplace Conditions, workplace issues / By max cyril

With fewer than 72 hours before polls begin to close, another report has emerged of a company owner strongly urging his employees to vote for Mitt Romney over Barack Obama, claiming that their jobs are potentially on the line if Obama wins re-election. Cliff Otto, president of the Florida-based Saddle Creek Corporation, circulated an email …

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Story of an Unemployed Executive – With a Hidden Message for Survival

Leave a Comment / economy, Employment, job search, Jobs / By max cyril

Just read a story on AOL about a CEO of a small construction company. (Actually two stories…the original and her update). Link at the end of the post. Even though she doesn’t acknowledge it….or maybe even recognize it, within her stories there is a message for how to survive and find the next job. Simply …

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