Check out a new report by the Associated Press today - showing that
average CEO compensation topped $9.6 million in 2011 - the highest mark
since the AP started looking at compensation numbers back in 2006.
Meanwhile - wages for working people have barely budged - and it would
now take the typical American worker 244 years just to make what their
CEO makes in one year.
And among Fortune 500 CEOs - it's even worse - they make 380-times
more than their average worker. So are Wall Street banksters, oil
barons, and corporate executives really worth that much money? Should
they be paid hundreds of times more than doctors, scientists, or even
teachers? This is what neo-feudalism in America looks like - and if
Paul Ryan and the Republicans who are pushing austerity for working
people - and trillions of dollars in tax cuts for corporate CEOs - if
they win big in November - it'll only get worse.
It's time to rethink corporate capitalism altogether - and find
ways to democratize the economy with worker-owned cooperatives, and
business models like unions that look out for workers, the community,
and the environment.
-Thom
(What do you think? Tell us here.)
No comments:
Post a Comment