CEO’s With Lavish Contracts Oppose Workers’ Rights To Bargain Contracts

[Omaha Steve]

http://www.laborradio.org/node/10898

By Doug Cunningham’

The AFL-CIO is launching Corporate Paywatch, a web site highlighting the double standard between how workers and executives are compensated. The site points how how corporate execs who oppose expanding workers’union rights to improve workers wages lavish themselves with extremely generous compensation packages. Forty-six percent of CEO’s have explicit written contracts while just 14 percent of all workers do. Bank of America took $25 billion in hard-earned tax money from workers to avoid bankruptcy, yet why taking workers’ money it works against workers’ rights. The AFL-CIO compares executive contracts with opposition to the Employee Free Choice Act, focusing on Wal-Mart, Bank of America and FedEx.

[havocmom]

1. And they whine at any suggestion they are engaged in Class Warfare

They do not consider the working people to be citizens with rights, do they?

[LooseWilly]

2. Not so much, no.

[spag68]

3. BofA

I bank there so I bought some stock, figuring what could go wrong! Now 30% loss later, I know. However I got one of those stockholder things in the mail about electing board of directors. At first I was going to relegate it to the circular file, but instead I marked of all the names that were not recommended by the present board and included a note saying to stop using my money to lobby against unions. I know it will do no good, but it felt better then doing nothing.

[Omaha Steve]

4. Bravo

Every little bit helps.

[Blue_Tires]

5. k+r