Institute for Policy Studies Report: Corporations Change Rules to Increase CEO Pay During Pandemic, Layoff Workers

The details are in this report: https://ips-dc.org/how-corporations-pumped-up-ceo-pay-while-their-low-wage-workers-suffered-in-the-pandemic/ Just one juicy detail among many: “Hilton CEO Christopher Nassetta had the largest paycheck among the rule-rigging companies. After he failed to meet the goals associated with his multi-year stock awards, the board “modified” the awards by disregarding poor 2020 financial results and changing the performance metrics. Those maneuvers inflated his total compensation to $56 million — 1,953 times as much as the company’s median worker pay of $28,608 in 2020.” The article suggests support for the Tax Excessive CEO Pay Act, currently in Congress, which would impose a graduated tax depending on …

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Race or Wealth? How About Both?

The evidence shows we all lose when society’s overwhelmed by white resentment and win when we organize across our differences. An excerpt from Heather C. McGhee’s The Sum of Us: What Racism Costs Everyone and How We Can Prosper Together. Read the excerpt here.