"Damn it feels good to be a Gangster" - Or a Fortune 500 CEO

1 post / 0 new

The annual “Executive Excess” report by the Institute for Policy Studies finds that 25 major U.S. corporation on the Fortune 500 list paid their CEOs more money than they paid in taxes in 2011. Not only that – the report finds that CEO pay at America’s top firms averaged $10.7 million – up nearly 28% since 2009.

Meanwhile – workers’ pay during that same time only ticked up 3%. In 2009 – CEOs made 263-times more than their average worker. In 2011 – they made 325-times more than their average worker. The oligarchs get richer – while the rest of us get poorer.

Numbers like these remind us all why we need global days of action like yesterday’s May Day to bring attention to the plight of working people around the world – and the abuse of power by the Romney super rich.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 10:59 am

Currently Chatting

“Rebooting the American Dream.”

Thom Hartmann Here with an excerpt from my book “Rebooting the American Dream: 11 ways to rebuild our country.”
-----
My radio show has a mission statement. We don’t say it on the air, as it sounds a bit pompous, but it’s the metric against which we measure our work: Saving the world, by awakening one person at a time.

Powered by Drupal, an open source content management system