Corporate Greed
Blog Posts
More than 1,000 activists, including members of the California Nurses Association/National Nurses United ( CNA/NNU ), AFSCME , Health Care for America Now ( HCAN ) and Common Cause, helped shine a big spotlight on a closed-door gathering of right-wing billionaires and extreme conservative leaders and politicians in Palm Springs, Calif., yesterday.
Brandon Rees, deputy director of the AFL-CIO Office of Investment, is traveling with Holt Baker today and sends us this report.
AFL-CIO Executive Vice President Arlene Holt Baker is meeting today with two of the Big Banks to discuss the foreclosure crisis and the “robo-signing” of foreclosure documents by bank executives.
Here’s another reason to do away with runaway CEO pay. A study shows bloated CEO pay can make the boss mean.
The study examined the corporate behavior of 261 companies and found a close correlation between pay inequality and poor treatment of workers. In companies where CEOs made much more than their average workers, the companies were more likely to underfund pensions or cut corners on health and safety. Often, according to the study, the bosses engaged in a cost-benefit analysis, calculating that a fine would be a cost of doing business, compared with the profits they could make.
The April coal mine explosion at the Massey Energy Co.’s Upper Big Branch (W.Va.) mine that killed 29 miners “was preventable” if the mine had been in compliance with federal safety rules, Mine Safety and Health Administration (MSHA) officials told the families of the victims last night.
The debate about America’s future “begins and ends concretely with the question of jobs,” AFL-CIO President Richard Trumka said this morning in a speech outlining a working families’ vision for the nation.
Wages have fallen lower and stayed low longer in this recession than in any time since the Depression. With unemployment at 9 percent or better for 20 months and likely to stay that way for a while, wages will continue to drop.
The French-based sugar and starch maker Roquette Frères opened its production plant in Keokuk, Iowa, 20 years ago, and its promise to create high-quality jobs was a key factor in winning support from local workers and local and state governments. Over the years, the firm has enjoyed tens of millions of dollars in tax benefits and other financial help.
It’s been four years since low-wage workers got a raise. Sign the petition to tell Congress it’s time to raise the minimum wage.
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