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AFL-CIO Now

Showing blog posts tagged with stockholders

It’s Time for Investors to Weigh In on Refinery Safety

Gary Beevers, United Steelworkers (USW) international vice president for Oil Bargaining, sends us this report. Beevers has extensive experience negotiating with major oil companies with the Oil, Chemical & Atomic Workers Union (OCAW).

A little after midnight on Good Friday last year, a heat exchanger on a naphtha hydrotreater unit at the Tesoro oil refinery in Anacortes, Wash., catastrophically failed.  The unit exploded, setting off a blast that shook homes five miles away and igniting a fire that could be seen anywhere in Anacortes.  Three oil workers died in the blast; four others died at the hospital from injuries sustained in the accident.

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2011 PayWatch: Average CEO Salary–$11.4 Million

While 25 million unemployed and underemployed U.S. workers are drowning, CEO pay skyrocketed by 23 percent, for an average salary of $11.4 million in 2010, according to the AFL-CIO Executive PayWatch. Released today, data compiled at PayWatch also show CEOs have done little to create badly-needed jobs, instead sitting on a record $1.93 trillion in cash on their balance sheets.

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