Labor Puts Executive Pay in the Spotlight
By STEVEN GREENHOUSE
NYT
The A.F.L.-C.I.O. has long been happy to treat executive compensation as a punching bag, and a Web site it put online Tuesday lands a few new punches.
The site, 2011 Executive Paywatch, notes that total compensation for C.E.O.’s averaged $11.4 million in 2010, up 23 percent from the previous year, based on the most recent pay data for 299 major companies.
The Web site notes that the C.E.O.’s at those 299 companies received a combined total of $3.4 billion in pay in 2010, enough to support 102,325 jobs paying the median wage.
With this ammunition in hand, the A.F.L.-C.I.O. said that “while C.E.O. pay is still out of control,” the nation’s “shareholders now have new tools to fight back. C.E.O.’s must now give their shareholders a ‘say on pay,’ thanks to the Dodd-Frank Wall Street Reform and Consumer Protection Act that President Obama signed in July 2010.”
(More here.)
NYT
The A.F.L.-C.I.O. has long been happy to treat executive compensation as a punching bag, and a Web site it put online Tuesday lands a few new punches.
The site, 2011 Executive Paywatch, notes that total compensation for C.E.O.’s averaged $11.4 million in 2010, up 23 percent from the previous year, based on the most recent pay data for 299 major companies.
The Web site notes that the C.E.O.’s at those 299 companies received a combined total of $3.4 billion in pay in 2010, enough to support 102,325 jobs paying the median wage.
With this ammunition in hand, the A.F.L.-C.I.O. said that “while C.E.O. pay is still out of control,” the nation’s “shareholders now have new tools to fight back. C.E.O.’s must now give their shareholders a ‘say on pay,’ thanks to the Dodd-Frank Wall Street Reform and Consumer Protection Act that President Obama signed in July 2010.”
(More here.)
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