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June 28, 2022

On This Day in 1988
The federal government sues the Teamsters to force reforms on the union, the nation's largest. The following March, the government and the union sign a consent decree requiring direct election of the union's president and creation of an Independent Review Board.  
~ DC Labor

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Median CEO Pay Leaps to Record Levels as Workers Strike for Better Wages
Posted On: May 19, 2022
May 19, 2022 | ECONOMY | As workers across the U.S. attempt to unionize and walk off the job over brutal conditions and starvation wages, an analysis released Sunday found that the median pay package of top U.S. CEOs jumped to $14.7 million in 2021 — the sixth consecutive record-breaking year for executive compensation. According to the Wall Street Journal’s review of data from more than 400 U.S. corporations, total CEO compensation “rose by at least 12% for most of the executives, and most companies recorded annual shareholder returns of nearly 30%.” Rising CEO pay stands in stark contrast to the grim economic realities that ordinary workers are facing nationwide as inflation — driven in large part by corporate profits — erodes modest wage gains and expiring pandemic aid leaves vulnerable families without a safety net… Truthout




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