{"id":15619,"date":"2010-09-08T09:52:12","date_gmt":"2010-09-08T16:52:12","guid":{"rendered":"http:\/\/uprisingradio.org\/home\/?p=15619"},"modified":"2010-09-08T09:52:49","modified_gmt":"2010-09-08T16:52:49","slug":"ceos-lay-off-workers-reward-themselves-with-millions","status":"publish","type":"post","link":"https:\/\/uprisingradio.org\/home\/2010\/09\/08\/ceos-lay-off-workers-reward-themselves-with-millions\/","title":{"rendered":"CEOs Lay Off Workers, Reward Themselves With Millions"},"content":{"rendered":"<p><ul class=\"inline-playlist playlist\" title=\"\"><li><a href=\"http:\/\/www.archive.org\/download\/DailyDigest-090810\/2010_09_08_anderson.MP3\">Listen to this segment <\/a><\/li><\/ul><ul class=\"inline-playlist playlist\" title=\"\"><li><a href=\"http:\/\/www.archive.org\/download\/DailyDigest-090810\/2010_09_08_uprising.mp3\">Listen to the entire program<\/a><\/li><\/ul><\/p>\n<p><img decoding=\"async\" align=right width=50% src=\"http:\/\/measuringupblog.typepad.com\/measuring_up\/images\/2008\/04\/07\/fatcat.jpg\" alt=\"CEOs\" \/>President Obama today will announce his administration&#8217;s new economic stimulus plan. It is expected to include hefty tax-credits and so-called investment incentives for businesses. Paul Krugman has criticized the business tax-cuts as being counter-productive as they will potentially cost the federal government hundreds of millions of dollars in revenue. Meanwhile, a new report shows that many corporations are not investing the money they do have into employment. When industry leaders like Johnson and Johnson and Verizon lay-off thousands of employees the public assumes those companies are in financial trouble. A new report from the Institute for Policy Studies titled, <em>Executive Excess 2010: CEO Pay and the Great Recession<\/em>, reveals that greed, more than fiscal responsibility, has motivated huge rounds of lay-offs. The report zeros in on 50 firms it calls &#8220;lay-off leaders&#8221;. The authors found that 72% of those 50 firms slashed jobs while their companies were not only financially stable, but were reporting positive earnings. Overall the CEO&#8217;s of these lay-off leaders took home an average of $12 million each in 2009, with some raking in many millions more. Verizon&#8217;s CEO Ivan Seidenberg  took home over $17 million in 2009, and William Weldon, CEO of Johnson and Johnson, made over $25 million. Overall, the report finds that profits and top-level salaries were prioritized over the jobs of hundreds-of-thousands of Americans.<\/p>\n<p><em>GUEST: Sarah Anderson, Director of the Global Economy Project at the Institute for Policy Studies and a co-author of the most recent, and 16 previous, IPS reports on executive compensation. <\/em><\/p>\n<p>Find out more at <a href=\"http:\/\/www.ips-dc.org\">www.ips-dc.org<\/a> and read the entire report online at <a href=\"http:\/\/www.ips-dc.org\/reports\/executive_excess_2010\">http:\/\/www.ips-dc.org\/reports\/executive_excess_2010<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Obama today will announce his administration&#8217;s new economic stimulus plan. It is expected to include hefty tax-credits and so-called investment incentives for businesses. Paul Krugman has criticized the business tax-cuts as being counter-productive as they will potentially cost the federal government hundreds of millions of dollars in revenue. Meanwhile, a new report shows that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-15619","post","type-post","status-publish","format-standard","hentry","category-daily-program"],"_links":{"self":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/15619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/comments?post=15619"}],"version-history":[{"count":0,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/15619\/revisions"}],"wp:attachment":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/media?parent=15619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/categories?post=15619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/tags?post=15619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}