CEO Pay & Retirement Out Of Control: - Take Action

[Jon8503]

Dear Jon,

In the past few years, working families have seen their retirement security go up in smoke. But in the same period, corporate CEOs have gotten enormous new retirement packages worth millions a year.

Too often, executives’ compensation packages have little to do with the performance of the companies they lead. And while executives are required to report their pay to the U.S. Securities and Exchange Commission (SEC), they often try to hide the true amounts behind complex accounting tricks.

But now we can act to help stop this abuse. The SEC is considering new rules that would force companies to describe executive compensation packages in plain English and require them to estimate the total dollar value of all the pay. Send a message to the SEC today and tell them you support the new pay disclosure rules.

Click Here to Take Action: http://www.unionvoice.org/campaign/paywatch

We’ve all read the stories. A company lays off workers, forces employees to accept lower pay or fewer benefits or guts its pension plan. Then you find out the executives running the company are making off with millions of dollars a year.

For example, Samuel J. Palmisano, CEO of IBM—which announced it’s freezing workers’ pensions—will collect about $4 million a year when he retires. And Pfizer CEO Henry A. McKinnell—who chairs the organization called Business Roundtable, which led the fight to privatize Social Security—will earn more than $6.5 million per year during retirement.

Our newly updated Executive PayWatch website tells the full story of executive compensation abuse. This year, we are taking a close look at the outrageous retirement plans executives give themselves while their workers wonder if they’ll have a secure retirement.

Be sure to check out the AFL-CIO Executive PayWatch website for case studies on the ridiculous retirement packages of executives at companies like UnitedHealth Group, Exxon Mobil and The Home Depot.

And then take action to stop executive compensation abuse by writing the SEC in support of new disclosure rules that will stop corporations from masking their executives’ pay packages with accounting tricks.

http://www.unionvoice.org/campaign/paywatch

Thank you for all you do.

In solidarity,

Working Families e-Activist Network, AFL-CIO

[crispini]

1. Done!

[sadiesworld]

2. kick

[Canuckistanian]

3. Done

Glad to see they included Canadian provinces in their drop-down list.