Are You:

Are you tired of ..........

· Feeling like no one is fighting for working people?

· Ceos taking all our money?

· Corporations shipping our jobs out of the country?

· Companies escaping THEIR tax burden?

· Having no health care?

· Health care costs killing you?

· Making an economic decision to not utilize your Health Care?

· Having no retirement?

· Big business getting so big it seems to control everything?

· Gas prices with record profits for oil companies?

· Your hard work being exploited by a company?

· The banks exploiting the average hard working American?

· Being afraid to ask for a raise?

· The cost of living rising faster than your wages?

· Being laid off?

· Being over qualified for your job because you can't find a better paying one?

· Living pay check to pay check?

· Working in fear?



Tuesday, July 5, 2011

CEO's Of Largest U.S. Companies Received 23 Percent Pay Raise Last Year




Despite reports that the current economic recovery may be the hardest for the average American since World War II, corporate America is looking at strong profits and skyrocketing increases in executive pay.
According to the compensation-research firm, Equilar, the chief executives of the largest U.S. companies saw a median rise of 23 percent in their compensation last year, largely due to the resurgence of cash bonuses. Bonuses today aretriple their prerecession levels for the highest-paid CEOs. Coupled with the recovery that many executives have seen in their stock portfolios, much of which was awarded during 2008 and 2009, “some top executives are already making more than they were before the economy soured.”
But as Matt Yglesias notes, the earnings of an industry’s chief executives often do not depend on job performance. This year’s windfall for CEOs has outpaced their median gains in both revenue and shareholders’ returns.
As more money finds its way into the bank accounts of the nation’s executives, American workers continue to struggle. The average wages for workers in the private sector rose only 2 percent over the past year. Since 2009, only 1 percent of the national-income growth went to workers’ wages and salaries, while 88 percent went to corporate profits.
And the trend shows no sign of slowing. Another forecast, recently released by Brown Brothers Harriman, reports that the second quarter of this year will see a 13.6-percent increase in the overall earnings of companies in the Standard & Poor’s 500-stock index when compared to this time last year. Meanwhile, unemployment stagnates above 9 percent, the housing market remains soft, and banks continue to hoard their reserves instead of offering loans.

6 comments:

  1. When are working people in America gonna wake up ? Enough is enough !!!! Time to fight stop the CEO from taking it all!!!!

    ReplyDelete