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.
Remember when CEOs were swearing up and down they’d create thousands of jobs if Congress passed the Republican tax plan?
The ink was not even dry on the new tax law before some of these same CEOs started announcing they’d be cutting jobs — not creating them.
In this video, I talk about how corporate executives are using the proceeds from the new tax law to enrich themselves and their wealthy shareholders.
The GOP’s tax giveaways to big corporations — unless we repeal them — will be the party for the 1% that never ends.
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.