Low-Wage Employers Spent Billions Inflating CEO Pay Through Stock Buybacks
President Biden has the power to crack down on executive excess by imposing new CEO pay and buyback restrictions on federal contractors.
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I moved away from my hometown of Litchfield, Minnesota, several decades ago, and since that time, my politics have veered to the left as those in my hometown have veered to the right. Donald Trump won my family’s western Minnesota congressional district by over 30 percentage points.
And yet, when I visit the church bazaars and county fairs or attend family reunions in my hometown, we always find common ground when it comes to wealth-hoarding corporate CEOs.
So I’m not surprised by national polls showing that both Democrats and Republicans have had it with CEO greed. Some 78% of US workers feel CEOs are overpaid compared to their employees, one poll found last year.
It may be even worse than they think.
by Sarah Anderson
President Biden has the power to crack down on executive excess by imposing new CEO pay and buyback restrictions on federal contractors.
by Sarah Anderson
The proposal includes restrictions on insider stock sales and an excise tax designed to dampen the buyback spree.
by Sarah Anderson
If the minimum wage had increased as much as Wall Street bonuses since 1985, it would be worth $61.75 today.