Aug 30 2006

As Labor Day Nears, A Report on Skyrocketing CEO Pay

Feature Stories | Published 30 Aug 2006, 9:18 am | Comments Off on As Labor Day Nears, A Report on Skyrocketing CEO Pay -

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Executive Excess 2006GUESTS: Chuck Collins, founding co-director of United for a Fair Economy and is now a senior scholar at the Institute for Policy Studies, Sarah Andersen, Director of the Global Economy Program at the Institute for Policy Studies

The U.S. Securities and Exchange Commission recently adopted a sweeping overhaul of its rules governing the disclosure of executive and director compensation and transactions. The reforms were intended to provide greater transparency on compensation paid to principal executive officers, principal financial officers, and the highest paid executive officers and directors. A new report released today by United for a Fair Economy and the Institute for Policy Studies, compares CEO pay to worker pay for defense and oil industries. The report is entitled “Executive Excess 2006: Defense & Oil Executives Cash in on Conflict.” As we head into Labor Day weekend, gas prices are still high, and the costs of the Iraq and Afghanistan wars are still bloated, while average wages are slumping. Chuck Collins and Sarah Andersen are two of the co-authors on this report.

Read the entire report online: http://www.faireconomy.org/reports/2006/ExecutiveExcess2006.pdf

For more information, visit www.faireconomy.org, and www.ips-dc.org.

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