Republican Healthcare Plan Includes Huge Bonuses For Insurance CEOs

Corporate CEOs Are Making A Killing Under Trump

CEO Pay Exposed — Income Inequality Is MUCH Worse Than We Thought

Are the 99% whiners?

JP Morgan and the income inequality problem

'The Gilded Age' Statistics Corporations Don't Want Workers, or Anyone, to See | Common Dreams

'The Gilded Age' Statistics Corporations Don't Want Workers, or Anyone, to See | Common Dreams
"If there's one thing about what many are calling the "The New Gilded Age," it's that well-known corporations—not to mention less well-known, but extremely powerful ones—will fight extremely hard to keep secret just how lopsided the economic disparities have become in recent decades between low-paid workers in the society and the executive and ruling class that have reaped the words of a globalized, top-heavy economy."

Meet the CEO Who Cut Worker Pay in Half While Pulling in $21 Million Last Year | Alternet

Meet the CEO Who Cut Worker Pay in Half While Pulling in $21 Million Last Year | Alternet
"CEOs these days aren’t just slashing worker jobs to add on to their own rewards. They’re slashing worker pay as well."

Inequality and the Social Security Debate | Common Dreams

Inequality and the Social Security Debate | Common Dreams
"Next time you see one of these CEOs on TV lecturing about belt-tightening, keep in mind who’s talking. The stakes in this debate are extremely high for ordinary Americans who work hard every day but still have to worry about their retirement security. For CEOs with mega-million retirement funds, there’s not much to lose."

The Cruel Gap Between CEO Pay and the Stagnant Minimum Wage | Common Dreams

The Cruel Gap Between CEO Pay and the Stagnant Minimum Wage | Common Dreams
"It is time for a movement of the people to restore a level of minimal fairness to the compensation of working Americans and catch up with 1968."

Wall Street’s Bonus Pool Has Quintupled Since 1985

Wall Street’s Bonus Pool Has Quintupled Since 1985: 2012 was the second most profitable year in Wall Street’s history, with banks making north of $140 billion. Wall Street’s bonus pool, while not yet back to the heights it achieved before the financial crisis, is growing again, and the average cash bonus hit $121,900. This is part and parcel of a longer trend on [...]/p

Fix the debt? How about fixing private pensions first

Fix the debt? How about fixing private pensions first
"While America's CEOs are fretting about the government's so-called "fiscal cliff," millions of American workers face a financial disaster that gets much less media attention. There's a half-trillion-dollar deficit in the nation's worker retirement benefits."

Wall Street Bank Cuts 11,000 Jobs After Paying Ousted Executives $14 Million

Wall Street Bank Cuts 11,000 Jobs After Paying Ousted Executives $14 Million: Citigroup announced on Wednesday that it will cut 11,000 jobs, or 4 percent of its workforce, in an effort to trim expenses. The moves comes one month after Citigroup paid out nearly $14 million to two former executives, CEO Vikram Pandit and Chief Operating Officer John Havens, who were ousted for poor management. The Citigroup [...]/p

Hostess CEO Cuts Worker Pay, But Leaves Own Salary Untouched

Hostess CEO Cuts Worker Pay, But Leaves Own Salary Untouched: After failed Twinkies-maker Hostess filed for bankruptcy in November, acting chief executive Gregory Rayburn imposed an 8 percent across-the-board pay cut on the company’s workers. Despite those cuts, Rayburn, who took the company over after its second bankruptcy filing in March, will not be subject to the pay cut because he is not technically a [...]/p

Sen. Sanders: Wall Street CEOs are the 'Faces of Class Warfare' | Common Dreams

Sen. Sanders: Wall Street CEOs are the 'Faces of Class Warfare' | Common Dreams
"Incredulous that Wall Street investment bankers and billionaire CEOs have descended on Washington in the midst of ongoing budget talks to tell Americans that they should "lower their expectations" when it comes to the security of their retirement and future health care, Vermont Senator Bernie Sanders took to the Senate floor Thursday to call out the audacity of corporate-minded millionaires and billionaires, calling them the new "face of class warfare" in the United States."

Wall Street Executive Salaries Skyrocketed After Deregulation

Wall Street Executive Salaries Skyrocketed After Deregulation: Wall Street compensates its CEOs so well, one former executive walked off with $260 million despite crashing his company. Even Wall Street heavyweights have criticized the practice, which has helped widen the nation’s income inequality. According to a new study in Quarterly Journal of Economics, Wall Street’s generous pay began to skyrocket following deregulation. The [...]/p

CEOs Try to Shred the Safety Net While Pigging Out on Corporate Welfare

CEOs Try to Shred the Safety Net While Pigging Out on Corporate Welfare
"A gang of brazen CEOs has joined forces to promote economically disastrous and socially irresponsible austerity policies. Many of those same CEOs were bailed out by the American taxpayer after a Wall Street-driven financial crash. Instead of a thank-you, they are showing their appreciation in the form of a coordinated effort to rob Americans of hard-earned retirements, decent medical care and relief for the poorest."

CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Contracts, Tax Breaks | Common Dreams

CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Contracts, Tax Breaks | Common Dreams
"CEOs belonging to what the campaign calls its CEO Fiscal Leadership Council -- most visibly, Goldman Sachs' Lloyd Blankfein and Honeywell's David Cote -- have barnstormed the media, making the case that the only way to cut the deficit is to severely scale back social safety-net programs -- Medicare, Medicaid, and Social Security -- which would disproportionately impact the poor and the elderly."

Hostess Employee Tells All About CEO Gutting Pensions, Pay Scales

Hostess Employee Tells All About CEO Gutting Pensions, Pay Scales
"This is only the tip of the iceberg. As equity funds have taken more and more control of companies, they have also robbed more and more employees of a living wage, their pensions, and more. One need only point to how bankruptcy laws were rewritten to understand how Hostess investors managed to make a killing and protecttheir investment at the expense of their employees, who paid for it with their hard-earned dollars.

There ought to be a law against that."

Wall Street Executive: Banker Pay Is ‘Way Too High’

Wall Street Executive: Banker Pay Is ‘Way Too High’: Over the last four quarters, big Wall Street banks have been more profitable than at any time since before the Great Recession, with the six largest banks making $63 billion. While some high-profile Wall Street firms say they’ll reduce their bonus pool, some bankers will still be pulling in seven-figure bonuses, and starting bonuses easily [...]/p

The New Robber Barons: How Taxpayers Subsidise CEOs' Multimillion Salaries | Common Dreams

The New Robber Barons: How Taxpayers Subsidise CEOs' Multimillion Salaries | Common Dreams
"The report proves the case made by thousands of protesters who took to the streets last September as part of the Occupy movement, and that of investors who stormed annual meetings this year as part of the "Shareholder Spring" to reclaim enterprises from many overpaid CEOs."