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October 24, 2014

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Today in Labor History
Oct. 23, 1902:  President Theodore Roosevelt establishes a fact-finding commission that suspends a nine-months-long strike by Western Pennsylvania coal miners fighting for better pay, shorter workdays and union recognition. The strikers ended up winning more pay for fewer hours, but failed to get union recognition. It was the first time that the federal government had intervened as a neutral arbitrator in a labor dispute.
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Teamsters Praise SEC for Proposed Rule on CEO Pay
Posted On: Sep 19, 2013
Sept. 19, 2013 | ECONOMIC INEQUALITY | The Union today applauded the Securities and Exchange Commission (SEC) announcement of a new proposed rule requiring corporations to disclose the ratio between chief executive and worker pay…."CEO pay keeps going up and worker pay keeps going down," said Teamsters General President Jim Hoffa. "This is a dirty secret that corporate CEOs don't want exposed, and the SEC did the right thing by proposing this rule." Full IBT statement here. Related: Ratio of CEO pay to average worker pay rose from 195-to-1 in 1993 to 354-to-1. Full story here.
 
 
Teamsters Local 355
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