Sunday Late Night: For CEOs, Failure Pays Well

By: Sunday October 2, 2011 8:01 pm

“You’re fired.”

Scary words, for most people.

But for CEOs of American companies, those two scary words still mean an outsized payday.

 

Whirlpool Layoffs Begin: 465 Workers on Their Last Shift Today

By: Friday March 26, 2010 5:05 pm

After a valiant effort by the Evansville community to save the jobs of more than 1,000 people, Whirlpool is moving unabated in shutting down the operations of its Indiana plant – starting today. This marks yet another entry in the long record of American companies killing American jobs in search of cheap labor. And for what? A 77% raise for its CEO, plus $19 million in stimulus funds.

Dancing with Jay and Daisy

By: Thursday October 22, 2009 1:30 pm

Proving yet again that not only do taxpayer-bailed-out CEOs have no shame, word has it that they plan to flaunt their taxpayer-fueled wealth in our faces, the ABA is sponsoring its Roaring ’20s party in conjunction with its Oct. 27–29 meeting.

AFL-CIO President Richard Trumka will lead thousands of mad-as-hell Americans in a rally outside the ABA meeting on Oct. 27, demanding financial reform and re-regulation that will allow us to rebuild our communities, our lives and our economy.

Tea Bag This: CEO Greed

By: Friday April 17, 2009 1:30 pm

The faux tea party events yesterday served many purposes for the wealthy Foxocrats who shamelessly promoted them, including distracting from the real perpetrators of waste: Greedy CEOs.

Even as the U.S. economy tanked, the median salary for CEOs of 200 large companies increased 4.5 percent to $1.08 million in 2008, according to a survey by The Wall Street Journal.

CEOs Get Bailed Out, Workers Get Sold Out

By: Thursday September 25, 2008 1:30 pm

Before she became the first female Labor secretary in 1933, Frances Perkins had seen firsthand the tragedy of Manhattan’s 1911 Triangle Shirtwaist fire. Locked in by their employer, 146 mostly young girls died when they couldn’t escape the burning building where they toiled in sweatshop labor. Later, as the New York industrial commissioner, Perkins held employers accountable for workplace safety and health, expanding factory investigations and championing other pro-worker laws, like unemployment insurance.

Economic Dictatorship

By: Thursday June 19, 2008 10:58 am

This is really frightening. First, America’s workers lose their homes. Or the equity in their homes, or their ability to take out second mortgages to pay for unexpected expenses like health care crisis. So they turn to credit cards. Now, those cards increasingly are maxed out.
What’s left?
Retirement funds.
Remember back when 401(k) plans were introduced as the promised land of personal control over our retirement destiny?

‘The Real McCain’

By: Thursday May 29, 2008 10:53 am

When John McCain showed up to campaign recently in Seattle and Bellevue, Wash., union members were there to ask him about his role in awarding a major military contract to a foreign company. Word has it, he encouraged the U.S. Department of Defense in February to give a $40 billion-to-$100 billion contract for the construction of Air Force refueling tankers to Northrop Grumman and to the European firm EADS, which makes the Airbus, rather than U.S.-based Boeing.

Blame the Little Miss

By: Thursday April 24, 2008 10:30 am

If you’re a U.S. woman and aren’t getting paid for doing the same work as men, it’s your fault.

If you’re a woman and are overweight or smoke, you’re personally responsible for contributing to the sinking U.S. life expectancy rate.

If you’re a woman and you ask for the same pay for doing the same job as your male co-worker, you only have a small window of time to do so.

Marie Antoinette, Meet Angelo Mozilo

By: Thursday April 17, 2008 10:30 am

Here’s an idea. Instead of retiring when we turn 65, let’s go to work scrubbing tables at the nearest fast-food outlet.

Sound good?

Not to most of us. But it’s a future that U.S. workers increasingly are facing. America’s workers aren’t just losing their homes in what is misleadingly termed the nation’s mortgage crisis.

American Axle Strike: All of Us Are on the Picket Line

By: Friday March 28, 2008 1:30 pm

After the 2006 elections, many of us cheered because several Democrats were elected to Congress who—gasp—supported trade policies that are fair to workers and the environment. We in the union movement oppose the type of trade deals pushed by the Bush administration, but not because we’re anti-trade. We want trade pacts that work for working people, not just line the pockets of CEOs.

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