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CEO pay and stock buybacks have soared at the largest low-wage corporations
CEO pay and stock buybacks have soared at the 100 largest low-wage corporations.
The report’s overall finding: At a time when many American workers are struggling with high costs for groceries and housing, the nation’s largest low-wage employers are fixated on making their overpaid CEOs even richer. Over the past six years, amid worker discontent fueling union-organizing drives at hundreds of Starbucks stores, the firm’s median pay rose just 4.2 percent in real terms to $14,674. The Curtailing Executive Overcompensation (CEO) Act: This bill applies an excise tax to publicly traded and private companies with CEO-to-median-worker pay disparities that run over 50 to 1.
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