Once again, Wall Street rakes in "Exceptional" Bonsuses
Who says we don't believe in American "Exceptionalism" anymore?Record Breaking Bonuses on Wall Street, are treating the select few-- "Exceptionally" Well ... thank you very much!On Street, Pay Vaults...
View ArticleBest Buy Is Asking The Wrong Question
I read the story in the Business Section of Sunday's Strib - "Best Buy may prove naysayers wrong". The story, in a nutshell, is that Best Buy, as a corporation, isn't doing as well financially as the...
View ArticleMore indignation over Wall Street, but no action
So says the inimitable Derrick Jackson in this Boston Globe op ed carrying the same title as this posting. Perhaps you responded positively to the bi-partisan report of the Senate Permanent...
View ArticleGannett and the meaning of shared sacrifice
When Bob Dickey, president of Gannett's Community Publishing division had to break the news in December 2009 that his employees would have to take unpaid furloughs in 2010, he let them alone they would...
View ArticleSolving the Healthcare Crisis the Old-Fashioned Way
Back in 1996, one of America’s lower-paid healthcare company executives was Allen Wise, a VP at United Healthcare. His annual salary was a paltry $2,697,751. The company CEO at the time was one Dr....
View ArticleA Modest Proposal For Paying Progressive Writers and Activists
Commonmass' thoughtful proposal to hire Ministry of Truth so he can continue to espouse progressive causes without paying the price of abject poverty inspires me to share a few observations from a...
View ArticleWhy I am one of the 99%
I have attempted to try and live my life according to the American dream, I graduated high school, I enlisted in the Army during the Vietnam War. Since my entire family had served in the Army since...
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Champagne compensation for CEOs, near-beer wages for workers
CEO-to-worker compensation ratio, with options granted and options realized, 1965–2011"Options granted" compensation includes salary, bonus, restricted stock grants, options granted and long-term...
View ArticleNew Pay Scheme for President and Congress
If we're going to run our government like a business, let's pay our leaders like corporate executives. Let's tie pay to performance.Pay SchemeIf the annual GDP exceeds 3%, our executives get a 3%...
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Today's GOP: Taking Care Of #1
Today is Primary Day in Minnesota, and the most interesting races are those where right wing conservatives are getting primaried by the even farther right wingers (GOPers Julianne Ortmann and Connie...
View Article$300K-plus Club: 12 Gay & AIDS executives' pay
This important diary is cross-posted to my blog, where I've embedded lots of links to the IRS 990 forms where I gleaned the fiscal info from.
View ArticleUS467 - Compensation Limits for Bank Executives
US467 - Compensation Limits for Bank ExecutivesThe opportunity to get especially rich in the financial sector has lured smart minds away from more useful endeavors. It's led the sector to grow too...
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Fmr. Morgan Stanley CEO "Banker Pay Is Too High"
I am noticing a trend here.Many former Wall Street leaders are willing to advocate for reforms or even decry old norms - once they leave. The most breathtaking still has to be Sandy Weill's epic...
View ArticleHey Corporate America, Don't do Early Black Friday on My Account
How many people out there believe that if a person is a low wage worker, that person should be denied the ability to observe traditional, cultural holidays in America?If you raised your hand, then kick...
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More executive pay fixes everything at Wal-Mart
Wal-Mart Stores Inc. (WMT) is turning up the pressure to keep its shelves adequately stocked by proposing to tie executive compensation to the issue -- and has asked an outside auditor to alert workers...
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Cold Case, Outsourcing, Insurance Scams & ObamaCare
Tonight I just watched an episode of Cold Case on TV called "Sabotage" (2008, Season 5, Episode 12). While I didn't consider this particular episode one of their better efforts, it did pertain to many...
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NC jobless losing federal compensation Sunday: 'They are really putting the...
At 8.8 percent, the official unemployment rate in North Carolina is the fifth highest in the nation, with only Nevada, Illinois, Mississippi and Rhode Island worse off. As elsewhere across America,...
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Heritage Foundation: Workers Must be more Productive
From the Washington Post: For a long time in America, earnings and productivity went hand and hand: The more productive workers got, the more they made. That relationship appeared to break down...
View ArticleThe New Grave Robbers: Wisconsin GOP
Unbelievable revelation of something that's been found in the new Wisconsin State Budget passed by Republicans earlier this year.We all know that it's customary for the government to seek compensation...
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Cuts To Benefits Are Necessary Regarding Vets and Troops....That Dog Won't...
A perfect name after cuts being proposed regarding veterans and troops ! Be sure to catch this documentary starting tomorrow online ! I clicked on to Military. com and the first thing I see is Hagel...
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Corporate CEOs Become the Nation’s Richest “Government Employees” by Leaching...
Budget hawks squawk about bloated bureaucracies and excessively paid public employees to justify their calls for slashing government services. In recent years, their drumbeat about government waste...
View ArticleWSJ reports Stingy Employers are Hurting Economic Growth with stagnant wages
The Right's suppression of organized labor is bearing fruit so toxic to economic growth even Wall Street is taking notice. The power imbalance between employers and employees hasn't been as great since...
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Report: Overpaid CEOs hurt shareholders, employees and the nation as a whole
As You Sow, a two-decade-old group dedicated to promoting "environmental and social corporate responsibility through shareholder advocacy, coalition building, and innovative legal strategies" has...
View ArticleWho's policing the one percent while our cities burn?: Part 2
What we are witnessing are the workings of an “apparatus of justification” to rationalize the “extreme economic inequality” that is on the horizon and that hedge-fund managers’ compensation signifies.
View ArticleNOT BREAKING: CEOs Are Still Pigs At The Trough, Ripping Off Shareholders And...
Yeah, so, this is decidedly NOT new. CEOs are raking in vast riches yet again, using the usual confidence schemes they've used for a few decades. While inequality grows, it's still really, really good...
View Article"Part Time" -- Why?
Ever stop to wonder why there is a concept of "part time work"? It's the type of question I ask myself when I'm taking a shower. If I sang instead, it'd probably endanger my marriage.Let's get right...
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Why the GOP loves the 'Secondhand Economy'
During the 2008 presidential campaign, Republican nominee John McCain traveled to Ynez, Kentucky, to announce his economic vision in the place where LBJ launched the War on Poverty back in 1965. His...
View ArticleYou Tell Us We're Not Working?
I found this today on Upworthy. It's a 4-minute poem by Agnes Torok explaining what she's hearing from her media and politicians, in effect the message the elite sends us all over the world, over and...
View ArticleJon Stewart returns to Capitol Hill on behalf of September 11, first...
Jon Stewart went to Capitol Hill today to once again ask lawmakers to do their jobs and create legislation in support of the victims and the first responders of the September 11th attacks on the United...
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Rebalancing Corporate Pay ... possible? Let's discuss...
Corporate profits soar and workers do not share in the benefits (I’ll let others provide the facts and figures). How can this be addressed — realistically? Effectively? Here is the idea I would like...
View ArticleWells Fargo CEO forfeits $45 million in compensation before returning to...
Wells Fargo CEO John Stumpf wants to keep his job. Last week, Stumpf appeared in front of a Senate Committee hearing and was eviscerated by Senator Elizabeth Warren. Sen. Warren called Stumpf’s tenure...
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A Rising Tide to Lift All Boats
It’s interesting to note that the quote, “ A rising tide lifts all boats” is often mistakenly attributed to Ronald Reagan, who frequently employed the phrase to promote Trickle down economics. But it...
View ArticlePetition Obama to accept appropriate compensation for his Wall Street speech.
We have heard a lot recently that Obama is planning to accept $400,000 — his annual salary as president — for a speech to be given at a Wall Street healthcare conference this September. Elizabeth...
View ArticleFat Cat Tuesday: A Commemoration of CEO Excess
Fat Tuesday is Mardi Gras, a day of revelry, gluttony, intoxication and showers of shiny plastic beads. It is the party to end all parties because it’s followed by Ash Wednesday, when Lenten sacrifices...
View ArticleTrump's Labor Department just gave high honors to a notorious union killer:...
Ronald Reagan’s response to the 1981 air traffic controllers strike is universally regarded as a massive blow to organized labor, with repercussions that are still being felt by those in America’s...
View ArticleCanadian doctors protest new pay raise, in solidarity with overworked nurses
Well, this is refreshing: Nearly 700 doctors, residents and med students in Quebec, Canada, are protesting a planned 1.4 percent increase in their compensation, requesting that the provincial health...
View ArticleMichigan credit union gives generous raises to every employee—except one
American 1 Credit Union CEO Martha Fuerstenau announced more than $950,000 in combined annual raises for almost all of its 187 employees last month. The only staff member excluded? Fuerstenau...
View ArticleEighty Million in Compensation for Les Moonves.
CBS has announced that it is giving Les Moonves at least 80 million dollars in compensation, and it could reach as high as 100 million dollars. Not sure how much of this is supposed to be in stock....
View ArticleFamilies of Indonesian Victims of Boeing 737 Max Crash Cheated Out Of...
The BBC is reporting that families of Indonesian victims of the crash of the Lion Air Boeing 737 Max have been cheated out of claiming compensation from Boeing in the American courts.All 189 passengers...
View ArticleStates slash workers' comp protections, leaving workers broke and suffering
Employers are paying less, and workers are getting screwed.Workers' compensation is yet another of the basic worker protections that have been gutted in recent years, a ProPublica and NPR investigation...
View ArticleEmployers and insurance companies are trying to deny COVID-19 workers'...
Since the COVID-19 pandemic reached the United States, and spread relatively unimpeded for the first few weeks, thousands of workers have contracted the virus. This, of course, has resulted in...
View ArticleRaise the Minimum Wage for Tipped Employees
This essay explains how tipped employees are compensated and how much cash they earn each week. The federal minimum wage for tipped employees is $2.13 cash an hour. The law presumes people paid $2.13...
View ArticleFederal jury awards BLM protesters $14 million in compensatory and punitive...
During May and June of 2020, Colorado saw statewide protests in response to the murder of George Floyd by Minneapolis police officer Derek Chauvin. Unlike the Jan. 6, 2021 attempted coup d’etat in...
View ArticleWhistleblower who exposed Wells Fargo’s secret account scheme wins $22M in...
Wells Fargo agreed to pay $185 million in penalties for perpetuating a massive fraud on the American people back in 2016. Wells Fargo boasted it had also laid off 5,300 employees who had helped...
View ArticleSection 14 committee asks for reparations from the city of Palm Springs...
The mostly Black and Hispanic survivors and descendants of Section 14, in Palm Springs California, have filed a claim against the city for compensation for their forced removal from their homes,...
View ArticleCalifornia Has a $97.5 Billion Budget Surplus; Refuses to Compensate Its...
I. Introduction.California is in a Judicial Corruption Crisis, and has been, since the mid to late 1980s when Los Angeles County began paying “supplemental or local judicial benefits” to California...
View ArticleQuestion For Lawyers: Can A Judge Or Jury In A Defamation Case Force An...
I’ve been trying to do a Google search on the following: in a defamation case like Dominion’s lawsuit against Fox, can a judge or jury in the case force Fox to issue a public apology from Fox,...
View ArticleCEO of GM sticks her $30 million foot in her mouth during interview about wages
Detroit’s three big automakers failed to negotiate a new contract with the United Auto Workers Thursday night, triggering a targeted strike that could spread if a deal isn’t reached. General Motors,...
View ArticleHelp for Section 14 Survivor's Struggle
From the late 1950’s through the 1960’s, residents of Palm Springs California, playground of the stars and home of the rich, were kicked out of their homes and had their homes bulldozed, burned down or...
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