WASHINGTON - The AFL-CIO, pushing for more federal regulation of lucrative corporate salaries and pensions, released information Thursday about some of the sweetest executive retirement deals in the country.
ADVERTISEMENT
"As corporate America is slashing workers' pensions left and right, we think investors and the public should know about the huge pensions these CEOs are raking in," said Richard Trumka, secretary-treasurer of the AFL-CIO.
The labor federation, which represents more than 9 million workers, posted updated information about executive salaries and pensions on its Web site.
Trumka said average executive pay at a company on the Standard & Poor's 500 is already more than 400 times the average worker's wages. And many executives now get multimillion-dollar "supplemental executive retirement plans" at a time that many companies are cutting back on reliable "defined benefit" retirement plans for workers, he said.
http://news.yahoo.com/s/ap/20060406/ap_on_bi_ge/afl_cio_pensionsFor some reason I can't open this website ~>...
http://www.paywatch.org Wondering minds want to know. :banghead:
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore