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Showing blog posts tagged with CEO

Kellogg Locked Out Kevin to Cut Costs, Paid CEO $8 Million

Kellogg Locked Out Kevin to Cut Costs, Paid CEO $8 Million

For 13 years Kevin worked at the Kellogg Co.’s Memphis, Tenn., cereal plant, until the company locked out him and 225 of his co-workers in October. While they missed the rest of the year’s paychecks—and continue to do so—Kellogg CEO John Bryant pocketed nearly $8 million in 2013 compensation, reports the AFL-CIO’s 2014 Executive PayWatch.

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PayWatch: CEO Pay Hits ‘Insane Level’

PayWatch: CEO Pay Hits ‘Insane Level’

It’s good to be a CEO, at least paywise. According to the 2014 AFL-CIO Executive PayWatch, released today, it’s 331 times better to be a CEO than an average worker. PayWatch finds that the average CEO of an S&P 500 company pocketed $11.7 million in 2013, while the average worker earned $35,293. The gap between CEOs and minimum wage workers is more than twice as wide—774 times.

Sign the petition to raise the minimum wage

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We're Losing to Australia on this Statistic

We're Losing to Australia on this Statistic

In the United States last year, the pay ratio of CEOs to the average worker was 354:1. That means CEOs in the U.S. on average are paid 354 times more than the average worker. In Australia, that ratio is 93:1

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Janet Sparks, a Walmart Associate, Wants to Talk to You About CEO Pay

Janet Sparks was the first and only person in her store who walked off the job then helped organize her co-workers.

I’ve worked at Walmart in Baker, La., for eight years, and I’ve been a Walmart shareholder since I started. Times are tough for Walmart customers, but I want you to know that times are tough for many Walmart associates, too. We are stretching our paychecks to pay our bills and support our families. Many of us are not getting as many hours as we used to and that makes it even harder. Now the new associates in my store are not even hired as permanent employees. They are hired as temps with no benefits—not even a discount card.

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One Mother Did Something Illegal to Help Her Kids, and This Cop Was Totally, Unexpectedly Cool

To me, what happened to Jessica Robles is the true spirit of our country: When someone's down on their luck, we don't throw dirt on them...we give them a leg up and a bit of a helping hand. Such a better way to go, don't you think?

One Mother Did Something Illegal to Help Her Kids, and This Cop Was Totally, Unexpectedly Cool originally appeared on Upworthy's Workonomics channel.

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Here's a Law Walmart Doesn’t Want You to Know About

Here's a Law Walmart Doesn’t Want You to Know About

We already know CEOs of major corporations took home 354 times more pay than the average rank-and-file U.S. worker in 2012. Now, we have the opportunity to see what CEOs make compared with the typical worker in their own companies.

rule proposed by the U.S. Securities and Exchange Commission (SEC) would require companies to disclose the ratio of total compensation between CEOs and the pay of the typical worker. The SEC rule is part of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010. Major corporations like Walmart really don't like this, which is why we need your help.

Tell the SEC companies must disclose CEO-to-worker pay ratios. 

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New PayWatch Spotlights CEO Pay, Fix the Debt Hypocrisy, Golden Nest Eggs and More

Did you know that the CEOs of the Campaign to Fix the Debt, the corporate front group that wants to cut Social Security and Medicare and lower corporate taxes, have parked more than $418 billion of untaxed corporate profits overseas? Overall it is estimated that U.S. corporations have as much as $1.9 trillion sheltered overseas. That would make a nice down payment on fixing the debt.

You can read about "Fix the Debt" and more in the 2013 edition of the AFL-CIO’s Executive PayWatch launched today. PayWatch not only shines a light on Fix the Debt hypocrisy, but it also explores the huge wage gap between CEO pay and the average U.S. worker. PayWatch started in 1997. 


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Peterson’s Puppet Populists

Photo from the PR Watch blog.

Fix the Debt is the most hypocritical corporate PR campaign in decades, an ambitious attempt to convince the country that another cataclysmic economic crisis is around the corner and that urgent action is needed. Its strategy is pure Astroturf: assemble power players in business and government under an activist banner, then take the message outside the Beltway and give it the appearance of grassroots activism by manufacturing an emergency to infuse a sense of imminent crisis.

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Something Tells Us Tax Dodgers Are in No Hurry to 'Fix the Debt'

Ladies and gentleman, meet the tax-dodging gazillionaires behind Fix the Debt, a billionaire-funded group of millionaire CEOs trying to take away your retirement security and raise your effective tax rate while lowering their own tax liability.

Fix the Debt bills itself as a “non-partisan movement to put America on a better fiscal and economic path.” However, the group touts a non-specific tax plan that members are calling “Simpson-Bowles Plus,” a plan that cuts Social Security and Medicare benefits, guts tax credits and benefits that many working families rely on, widens tax incentives for corporations to offshore jobs and lowers tax rates for corporations and the wealthy. Basically, it’s a wish list for millionaire CEOs!

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Show-Me Power: The Coalition that Terrifies Payday Lenders and Their Corporate Allies in Missouri

New coalition terrifies payday lenders in Missouri.

This is a guest post by Mike Louis of the Missouri AFL-CIO and Sean Soendker Nicholson of Progress Missouri

Ever wondered what keeps payday lenders and the CEOs who pay poverty wages up at night? It’s not the 1,950% interest rates they’re allowed to charge Missourians on payday loans, or how the employees who make them rich are able to survive on $290 a week.  

Here in Missouri, we know what terrifies the payday lending companies and corporations who want to keep paying poverty wages: It’s the convergence of faith, community, student and labor organizations who collected 350,000 signatures in the past 18 months to cap the rate on predatory loans and give minimum wage-earning workers a raise. 

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