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Showing blog posts tagged with wall street reform

SEC Rule on CEO Pay Helps Investors Judge Compensation Practices That Affect Performance

Mike Hall | Corporate Greed

Photo by Brandon Rees

Corporations will no longer be able to hide how much CEOs are paid compared to the workers who make those companies run, under a rule proposed today by the U.S. Securities and Exchange Commission (SEC). The rule requires companies to disclose the ratio of total compensation between chief executive officers and the median pay of employees.

That new rule does far more than help point out the historic and growing massive gap between CEO and worker pay. It is an important tool for investors to judge a company’s internal compensation structure, says  AFL-CIO President Richard Trumka .

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Romney’s Déjà Vu?

Mike Hall | Political Action/Legislation

Did watching Mitt Romney in last night’s presidential debate seem familiar? Haven’t we heard it all somewhere before? Yes. Mitt Romney wants to repeat the policies that caused the economic crisis that we are now recovering from because of President Obama's leadership. 

What is it we’ve heard before? Tax cuts for the wealthy. Deregulate Wall Street. Dismantle Medicare. Turn health care over to private insurance companies. Privatize education.

Watch this video for more.  

We did hear one thing new last night. Romney wants to fire Big Bird.

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Innovation@Work See How America's Unions Make a Difference

Romney: 'Limit Teachers Unions' Political Donations.' What About Wall Street’s?

Mike Hall | Political Action/Legislation

Illustration by Mike Licht, NotionsCapital.com/Flickr

What’s the difference between corporations and teachers’ unions, according to Mitt Romney ? Apparently corporations are “people”—at least in the Citizens United definition—and should be allowed to give unlimited campaign contributions and other political donations, while teachers' unions are evil influence peddlers who buy politicians’ favor and shouldn’t be allowed to give campaign contributions.

That’s what you’ve got to infer from his comments Tuesday to an education forum sponsored by NBC, where he told moderator Brian Williams:

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Trumka: Mass. Senate Race Should Be Decided on Issues, Not Gender

Mike Hall | Political Action/Legislation

Massachusetts AFL-CIO photo

Massachusetts U.S. Sen. Scott Brown (R) portrays himself as a pickup truck-driving, Boston Bruins jersey-wearing friend of union workers and working families. He paints his opponent in the Senate race, Elizabeth Warren, as a woman who is an elitist college professor. Both points are untrue. 

Today, AFL-CIO President Richard Trumka set the record straight on Brown and Warren in an address in Boston to New England union members and leaders that media  and political  observers are comparing to his 2008 speech  on the role race played in some workers’ opposition to President Obama’s candidacy.

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You Are Now Entering the Mallory Factor Spin Zone

Jeff Hauser | Corporate Greed

Photo by eyewashdesign A. Giolden/Flickr

After Mallory Factor appeared on "Morning Joe" this morning, Jeff Hauser sends us this report.

What type of person comments on a generation of declining union membership and increasing inequality and blames unions?

What type of person looks back at America’s economy—after decades of deregulation followed by economic bubbles and misery for the 99% of people who work hard for a living—and blames unions?

It takes someone who combines an ear for dishonest public relations spin with a large wallet linked to the continued enrichment of Wall Street tycoons.

Mallory Factor is someone who understands that the banking industry’s bad reputation for destroying the world’s economy requires a diversion, a scapegoat. That he would write a book focusing on blaming unions, rather than his Wall Street peers, is entirely

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J.P. Morgan's Losses Say: Banks Need Regulation

Robert Struckman | AFL-CIO Now

A bad gamble by J.P. Morgan resulting in a quick $2 billion loss has raised the specter of the financial crisis of 2008, when Big Banks ruined the economy and caused the recession, high unemployment and housing problems that still dog the nation. Fully enacted financial reform can't come too soon.

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Conference Addresses CEO-to-Worker Pay Disparity

Vineeta Anand | Corporate Greed

The Americans for Financial Reform Conference on Executive Pay and the Dodd-Frank Wall Street Reform and Consumer Protection Act will discuss this afternoon a provision that would disclose the CEO-to-worker pay ratio to investors and the public for the first time. The AFL-CIO is hosting the conference.

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Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/templates/menu/nav_social.tpl:19[1] Oct 02 2013 04:33:17
Variable 'current_node' is already defined.
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/paragraph.tpl" with resource "design"
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/override/templates/line/blog_post.tpl:19[3] Oct 02 2013 04:33:17
Variable 'tag_count' is already defined.
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/override/templates/line/blog_post.tpl:19[3] Oct 02 2013 04:33:17
Variable 'tag_count' is already defined.
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/override/templates/line/blog_post.tpl:19[3] Oct 02 2013 04:33:17
Variable 'tag_count' is already defined.
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/templates/menu/nav_social.tpl:3[2] Oct 02 2013 04:33:17
Variable 'url' is already defined.
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/templates/menu/nav_social.tpl:11[2] Oct 02 2013 04:33:17
Variable 'label' is already defined.
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/templates/menu/nav_social.tpl:19[1] Oct 02 2013 04:33:17
Variable 'current_node' is already defined.
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/paragraph.tpl" with resource "design"
Timing: Oct 02 2013 04:33:17
Module end 'content'
Debug: ezpI18n::translateText Oct 02 2013 04:33:17
Missing translation for message in context: 'kernel/navigationpart' with comment: 'Navigation part'. The untranslated message is: 'eZTags'
Debug: ezpI18n::translateText Oct 02 2013 04:33:17
Missing translation for message in context: 'kernel/navigationpart' with comment: 'Navigation part'. The untranslated message is: 'Survey'
Debug: ezpI18n::translateText Oct 02 2013 04:33:17
Missing translation for message in context: 'kernel/navigationpart' with comment: 'Navigation part'. The untranslated message is: 'eZFind'
Debug: ezpI18n::translateText Oct 02 2013 04:33:17
Missing translation for message in context: 'kernel/navigationpart' with comment: 'Navigation part'. The untranslated message is: 'Workflow board'
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "pagelayout.tpl" with resource "design"
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/templates/page_head.tpl:50[4] Oct 02 2013 04:33:17
Variable 'current_node_id' is already defined.
Warning: ezjscPacker::packFiles Oct 02 2013 04:33:17
Could not find: stylesheets/surveyfile.css
Warning: eZTemplate:def @ extension/aflcio/design/aflcio_user/templates/parts/analytics.tpl:8[1] Oct 02 2013 04:33:17
Variable 'Server' is already defined.
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezstring.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/paragraph.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezselection.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezstring.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/paragraph.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/paragraph.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezselection.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezstring.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/literal.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/literal.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/literal.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/literal.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltext.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/literal.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "content/datatype/view/eztext.tpl" with resource "design"
Timing: Oct 02 2013 04:33:17
End
Notice: Oct 02 2013 04:33:17
eZTemplate: Loading template "setup/debug_toolbar.tpl" with resource "design"

Timing points:

CheckpointElapsedRel. ElapsedMemoryRel. Memory
Script start 0.0000 sec0.0112 sec 1,284.5313 KB1,198.9531 KB
Module start 'content' 0.0112 sec0.4412 sec 2,483.4844 KB6,759.7188 KB
Module end 'content' 0.4524 sec2.2372 sec 9,243.2031 KB15,039.5469 KB
End 2.6896 sec  24,282.7500 KB 
Total runtime:2.6966 sec
Peak memory usage:26,067.1641 KB

Time accumulators:

 Accumulator Elapsed Percent Count Average
ini_load
Load cache0.0068 sec0.2513%340.0002 sec
Find INI Files0.0002 sec0.0089%60.0000 sec
Mysql Total
Mysqli_queries1.8362 sec67.4549%12590.0015 sec
Looping result0.0298 sec1.0930%12410.0000 sec
TS translator
TS init0.0019 sec0.0701%40.0005 sec
TS cache load0.0009 sec0.0321%40.0002 sec
TS context load0.0006 sec0.0220%40.0001 sec
Template Total2.6608 sec 97.7% 3 0.8869 sec
Template load0.0050 sec0.1843%30.0017 sec
Template processing2.6557 sec97.5601%30.8852 sec
Template load and register function0.0001 sec0.0041%10.0001 sec
states
state_id_array0.1398 sec5.1364%860.0016 sec
state_identifier_array0.1407 sec5.1673%970.0015 sec
override
Cache load0.0097 sec0.3562%1520.0001 sec
class_abstraction
Instantiating content class attribute0.0015 sec0.0546%520.0000 sec
Sytem overhead
Fetch class attribute can translate value0.0016 sec0.0590%220.0001 sec
Fetch class attribute name0.0212 sec0.7780%400.0005 sec
XML
Image XML parsing0.0290 sec1.0652%220.0013 sec
General
String conversion0.0000 sec0.0006%30.0000 sec
dbfile0.0070 sec0.2555%1030.0001 sec
Total script time:2.7221 sec