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The Top 100 CEOs Have More Retirement Savings Than 50 Million Families Combined

The Top 100 CEOs Have More Retirement Savings Than 50 Million Families Combined

Let's just reiterate that headline to make sure it sinks in: The top 100 CEOs, you know, fewer people than were on the train I took to work this morning, have more in retirement savings than 50 million families—41% of the families in the United States, or 116 million people. Anyone else think that seems kind of excessive?

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Working Families Tell German Chancellor to End T-Mobile Gag Order

This week, the AFL-CIO, the National Women's Law Center and other groups sent a letter to German Chancellor Angela Merkel urging the German government to end a gag order that restricts T-Mobile workers' ability to speak up in response to sexual harassment and other discrimination. Read the text of the letter below.

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No PR Campaign Will Save Walmart from Being 'Exhibit A' of Bad Worker Policies

Photo courtesy Mike Mozart on Flickr

Americans are increasingly fed up with an economy that rewards wealth over work, a message that’s made it all the way to the top. That’s why when the White House hosted a Summit on Worker Voice on Wednesday to highlight the power of working people standing together to demand better jobs and better lives, one notable corporation had been excluded—Walmart.

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Worker Stories: Jennifer Svenkerud

On Oct. 7, the White House will hold a summit with leaders in the various movements to improve the lives of working people across the country, with a focus on how to make sure that economic growth is broad-based and that workers share in the benefits they help create with their labor. If you know of someone who should participate in the summit, you can nominate them online now. Until the summit begins, we'll be highlighting the stories of workers and their struggle to make sure their voices are heard on the job. Today, we take a look at Jennifer Svenkerud.

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Verizon Cries Poor with $1 Billion a Month in Profits

Verizon Cries Poor with $1 Billion a Month in Profits

Poor Verizon. In contract negotiations with the Communications Workers of America (CWA) and the Electrical Workers (IBEW), the company says it just doesn’t have the money for a fair contract for 39,000 workers from Virginia to Massachusetts.

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Southwest Side Braces for Loss of Oreos and 600 Jobs

Southwest Side Braces for Loss of Oreos and 600 Jobs

On Aug. 24, NPR Chicago broadcast a special story detailing the recent announcement by Mondelēz International that it is shipping 600 union jobs--half of the plant’s workforce--to Mexico. The program included interviews with BCTGM Local 300 members at the Chicago bakery. The report also described how the city worked with Mondelēz the last time the company threatened to move production outside of the United States by providing $300 million in tax breaks to complete infrastructure work at the bakery.

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Trumka: New SEC Rule Will Expose Whether CEO-to-Worker Pay Ratio Is Out of Balance

Photo courtesy Fighting for Our Health on Flickr

In an op-ed for CNN, AFL-CIO President Richard Trumka discusses the importance of increasing transparency in what companies pay their CEOs. He says that something is "terribly wrong" in the way our system currently works and that, at a minimum, the first step toward improving the situation is to reduce the secrecy around what these big corporations are doing. 

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Papa John's Franchise Ordered to Pay $800,000 in Wage Theft Case

Photo courtesy Kiran SRK on Flickr

Papa John's, a pizza company not exactly known for their worker-friendly policies, may be the target of legal action after a franchisee in New York was ordered by a state judge to pay nearly $800,000 after being accused of underpaying employees and failing to pay them overtime. Emstar Pizza, which owns seven Papa John's stores, was sued by New York Attorney General Eric Schneiderman for allegedly underreporting hours worked by employees and rounding workers' hours down to the nearest hour, as well as not paying overtime to workers who earned it. Schneiderman said he is considering pursuing action against Papa John's as well.

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7 Key Facts to Keep in Mind about Walmart’s 'U.S. Manufacturing Summit'

7 Key Facts to Keep in Mind about Walmart’s 'U.S. Manufacturing Summit'

It’s been two and a half years since Walmart announced its so-called “U.S. manufacturing initiative,” which means it’s time for another PR-heavy, Walmart manufacturing “summit,” this one in Bentonville, Ark., on July 7 and 8. Undoubtedly, Walmart will use the summit to deliver feel-good talking points to the media, so this seems like a good time to review some facts about Walmart’s impact on the U.S. manufacturing sector, past, present and future. Here are seven things we hope you’ll keep in mind when reporting on Walmart and American manufacturing (after the jump).

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This Just In: Walmart Is #1 Importer, AGAIN. Where Are Those American Manufacturing Jobs?

This Just In: Walmart Is #1 Importer, AGAIN. Where Are Those American Manufacturing Jobs?

This post originally appeared on the Walmart 1% blog

We’ve written before on this site about the farce that is Walmart’s “U.S. manufacturing” initiative. Now, as Walmart prepares for its next U.S. manufacturing summit in Bentonville, Ark., the Journal of Commerce has released a new list of America’s top importers and you-know-who tops the list once again.

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