November 30, 2012
The despicable looting of Hostess continued this week as a bankruptcy judge gave permission for the same executives who wrecked the company to pay themselves $1.8 million in bonuses.
The average pay for a CEO in North Carolina is $4.2 million – 100 times the median income for North Carolina workers! Here’s why CEO pay matters.
In the wake of the bankruptcy of American Airlines, 13,000 people will lose their jobs and its employees’ will lose their pension. Over a hundred workers at RDU International airport will be affected, and their local union is asking for our help. Show your solidarity with American workers by taking the pledge, “I support American jobs.”
Should any worker still think Thom Tillis and the Republican majority in our state legislature are looking out for his or her interests, this puts the lie to that notion. Tillis says his party will push to enshrine North Carolina’s right to work for less status in the state constitution, and he doesn’t even pretend the move is about protecting workers.
The PayWatch 2011 report is out (www.paywatch.org), and 2010 was a banner year for executive compensation at corporations in the United States. One of the featured case studies is that of Reynolds American President and CEO, Susan Ivey, who made over $23.8 million in 2010. Ivey’s 8-figure payout does not include millions of dollars more she walked away with after taking early retirement in February 2011 at age 52.
The Workers’ Compensation bills we have all been expecting (and dreading) have arrived – HB 709 AND SB 544. Contact your lawmakers today and urge him or her to, “oppose House Bill 709 and Senate Bill 544.” Don’t make injured workers pay the price of CEO greed!
If you are reading this, chances are good you are not among the elite executives on Wall Street who collected $135 billion in bonus money last year. Instead of being a land of opportunity, the United States is becoming a land of sacrifices. But clearly that’s not the case for everyone.
We pay taxes on our income in this state and in this country. Why doesn’t Bank of America? Take peaceful action against corporate tax dodgers who use our infrastructure and cheat our citizens. Join us on Saturday, Feb. 26 outside a Bank of America branch in Charlotte, NC.
CBS has refused to air an ad from the National Football League Players Association (NFLPA) because CBS executives say they “didn’t want to get involved” in labor negotiations between the union and the National Football League (NFL), which has threatened to lock out the players. CBS and other broadcasters pay the NFL $4 billion a year to televise the games and will pay even if the owners lock out the players. That $4 billion is basically lockout insurance, and CBS is pretty darn involved.
Pulling back the curtain on corporate tax giveaways A new report by the non-profit, non-partisan organization, Good Jobs First, consolidates public disclosure information about the corporate tax incentives and job subsidies doled out by state and local governments across the country. Many governments offer little to no online reporting of how much money is being […]
In the past decade, more than 5 million manufacturing jobs and 850,000 information sector jobs have disappeared—many of which have been shipped overseas. This outsourcing is encouraged by faulty trade and tax policies that corporate executives use to boost record-breaking profits and outrageous and obscene executive salaries.
But finding out specific information on specific companies sending American jobs overseas and devastating their communities has been nearly impossible—until now. The AFL-CIO and Working America’s new Job Tracker database lists information on more than 400,000 corporations that have exported jobs overseas, violated health and safety codes or engaged in discriminatory or other illegal practice. (Check it out at http://t.co/qbg7wwm.)
AFL-CIO President Richard Trumka, in a conference call with reporters this morning, said Job Tracker’s searchable by ZIP code and the interactive database gives:
“everyday people the opportunity to actually see what is happening in their community and shine the light on what corporations are doing. For the first time, working people have one place to see the real impact of the failed policies of the past that gave corporations the ability to ship American jobs overseas.”
With this new data as a benchmark, working people will have the ability to separate the economic patriots from the corporate traitors at the ballot box.
On the side of teachers, firefighters, public safety officers… Last week, Congress passed and the President quickly signed into law a bill that will save literally hundreds of thousands of American jobs. The law provides $16 billion in Medicaid funding assistance and $10 billion for teachers’ jobs. Failure to pass this bill would have meant […]
Corporate greed has a new poster child The very profitable food & beverage company, the Dr. Pepper Snapple Group (DPS) and its President and CEO, Larry Young, apparently are trying to win the race for greediest corporation. DPS made $555 million in net profit for 2009, has profited each of the last five years, and […]
The North Carolina State AFL-CIO is the largest association of local unions and union councils in North Carolina, representing over one-hundred and forty-thousand union members, fighting for good jobs, safe workplaces, workers’ rights, consumer protections, and quality public services on behalf of ALL working people.