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Showing blog posts tagged with CEO pay

Investors with $3 Trillion in Assets Call for CEO-to-Worker Pay Ratio Disclosure

Today, more than 100 institutional investors with a combined $3 trillion in assets under management sent a letter to the U.S. Securities and Exchange Commission in support of a CEO-to-worker pay ratio disclosure. The signatories of the investor statement on pay ratio disclosure include a variety of pension plans, asset managers, foundations, faith-based funds and state treasurers.

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CEOs Paid 335 Times Average Rank-and-File Worker; Outsourcing Results in Even Higher Inequality

CEOs Paid 335 Times Average Rank-and-File Worker; Outsourcing Results in Even Higher Inequality

CEO pay for major U.S. companies continues to soar as income inequality and the outsourcing of good-paying American jobs increases. Outsourcing has become a hot presidential election topic with candidates calling out corporations that say they need to save money by sending jobs overseas. Meanwhile, according to the new AFL-CIO Executive Paywatch, the average CEO of an S&P 500 company received an annual income of $12.4 million in 2015—335 times more money than the average rank-and-file worker.

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AFL-CIO Equity Index Fund Aims to Stop CEOs from Getting Rich Through Stock Buybacks

AFL-CIO Equity Index Fund Aims to Stop CEOs from Getting Rich Through Stock Buybacks

The AFL-CIO Equity Index Fund is shining the spotlight on companies whose CEOs stand to collect a bundle as a result of large stock buyback programs. In a stock buyback, a company buys its own shares to reduce the number of shares outstanding.

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CEOs Get Lavish Retirement Packages While Their Workers Do Without, Report Notes

CEOs Get Lavish Retirement Packages While Their Workers Do Without, Report Notes

Chief executive officers of the nation’s largest companies can look forward to a very comfortable retirement while most working Americans have little or no savings for their old age. The 100 largest retirement funds of CEOs are worth a total of $4.9 billion, or equal to the entire retirement savings of 41% of America's families, according to a new report released this week by the Center for Effective Government and the Institute for Policy Studies.

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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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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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American Enterprise Institute Tries to Hide Runaway CEO Pay

Leave it to the right-wing neoconservatives at the American Enterprise Institute (AEI) to defend the indefensible: runaway CEO pay levels.  Last week, the AFL-CIO’s Executive Paywatch website announced that S&P 500 company CEOs made on average $13.5 million in total compensation in 2014, an amount equal to 373 times the average production and nonsupervisory worker’s pay. 

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Raising Wages Is ‘Measuring Stick’ for Presidential Candidate Support, Trumka Declares

Raising Wages Is ‘Measuring Stick’ for Presidential Candidate Support, Trumka Declares

As the 2016 presidential battle begins to roll down the campaign trail toward Election Day 18 months from now, AFL-CIO President Richard Trumka said, “The labor movement's doors are open to any candidate who is serious about transforming our economy with high and rising wages.”

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