Monday, September 05, 2011

Labor, Not Management, Day

"...if you were to ask most people, they’d now blame the fall of American manufacturing on our workers, which serves to shift focus from the top of the food chain at a time when they’ve managed to greatly widen the gap between their pay and that of the folks reporting to them."
Yves Smith

Who makes up the top 0.1%?
The Big Picture highlights some graphics.
Making matters even more outrageous, these CEOs are trying to pass legislation that would legally allow them to not to disclose executive compensation at public companies...
Executive Excess 2011: The Massive CEO Rewards for Tax Dodging
Institute for Policy Studies:
We researched the 100 U.S. corporations that shelled out the most last year in CEO compensation. At 25 of these corporate giants, we found, the bill for chief executive compensation actually ran higher than the company's entire federal corporate income tax bill.
. . .
We have, in short, a corporate tax system today that works for top executives — and no one else.

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