Working Life

Yeah, yeah, CEOs, you are all Gods and indispensable to the success of your company. You’ve made that argument year after year, no matter how your companies failed — and the transcribers of press releases (formerly known as “journalists”) and the people you buy to do your bidding (we call them “politicians”) have bought this malarkey for so long that it’s allowed you to rob the treasuries of your companies. Problem is, a lot of the reasons lathered with bullshit about why you get paid obscene amounts of money are just plain false.

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  I suspect we are going to be distracted by an emerging debate between Congressional Democrats and The White House on how to handle the CEO pay caps written into the economic stimulus bill. This is a distraction because, in all honesty, the pay caps aren’t real.   Today, there is this news in The […]

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To the question "have they no shame?" we already know the answer. And as we dig deeper and scrape the bottom of the barrel where the bottom-feeders have been lurking, we learn more about the immoral behavior of the incompetent, greedy elites. Today, the the tally is $121 million for FOUR–count ’em, FOUR–Merrill Lynch executives. […]

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I’m all for a little rhetoric and bashing CEOs who, as a class, have lined their pockets while pillaging the country. But, if the point is to stop the legal looting of corporate treasuries and leave some money in the till for regular workers, when you get right down to it, the CEO pay caps […]

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    I would have put a "BREAKING" on this title but, in some ways, this is not a new story–just another twist to the same-old political as usual. I’m all for the cap on executive compensation announced by the president. But, the culture of Washington is not changing–and it’s getting worse.   Today, the Center […]

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   I know this would be a tough one for most everyone because, let’s face it, half a million dollars a year is not what it once was. Pity those poor executives who may have their pay capped if they come to taxpayers for a bailout: “That is pretty draconian — $500,000 is not a […]

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I should have connected my recent blog about worker pay going down with the AFL-CIO’s updated site on CEO pay. My favorite entry, in keeping with my own obsession, was the one on Wal-Mart CEO Lee Scott: When it comes to CEO pay, Wal-Mart definitely does not have always low prices. Wal-Mart CEO Lee Scott […]

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