Johnsonville recalls turkey sausages

Study: Companies Paid More to CEOs Than in US... : Photo Gallery

Some U.S. firms paid more to CEOs than taxes: study - AM 590 - FM ... Some U.S. firms paid more to CEOs than taxes: study - AM 590 - FM ... highest paid U.S. CEOs earned more last year than their companies paid	Top CEOs make more than their companies pay in taxes: report Top CEOs make more than their companies pay in taxes: report Top CEOs make more than their	Study: Some U.S. Firms Paid More To CEOs Than In Taxes - Careers ... Study: Some U.S. Firms Paid More To CEOs Than In Taxes - Careers ... overpaid CEOs earn more than	Companies That Pay CEOs More Than Uncle Sam - Steve Schaefer - Forbes Companies That Pay CEOs More Than Uncle Sam - Steve Schaefer - Forbes Companies That Pay CEOs More
Study: Companies paid more to CEOs than in U.S. tax - CBS News Study: Companies paid more to CEOs than in U.S. tax - CBS News AT&T Chairman and CEO Randall	Some U.S. firms paid more to CEOs than taxes: study - It also ... Some U.S. firms paid more to CEOs than taxes: study - It also ... highest paid U.S. CEOs earned more last year than their companies paid	Some companies pay more to CEOs than to Uncle Sam: study - WTAQ ... Some companies pay more to CEOs than to Uncle Sam: study - WTAQ ... among the 26 companies that paid more to their CEOs in 2011 than they	Some US firms paid more to CEOs than taxes | NTN24 NEWS Some US firms paid more to CEOs than taxes | NTN24 NEWS Some US firms paid more to
Some U.S. firms paid more to CEOs than taxes: study | Reuters Some U.S. firms paid more to CEOs than taxes: study | Reuters paid U.S. CEOs earned more	Some U.S. firms paid more to CEOs than taxes - study | Reuters Some U.S. firms paid more to CEOs than taxes - study | Reuters More slideshows. eBay CEO John	Study Says 25 Corporate 'Tax-Dodgers' Pay CEOs More Than Uncle Sam ... Study Says 25 Corporate 'Tax-Dodgers' Pay CEOs More Than Uncle Sam ... Top 20 U.S. Companies Pay	Study: Some US firms paid more to CEOs than taxes | theSundaily Study: Some US firms paid more to CEOs than taxes | theSundaily paid US CEOs earned more
Study: Companies of Republican CEOs pay more tax than Democrats ... Study: Companies of Republican CEOs pay more tax than Democrats ... Boeing CEO James McNerney (L)	Institute for Policy Studies: Release: CEOs Who Earn More Than ... Institute for Policy Studies: Release: CEOs Who Earn More Than ... home more in CEO pay than	TaxProf Blog: 25 Corporations Paid Their CEOs More Than They Paid ... TaxProf Blog: 25 Corporations Paid Their CEOs More Than They Paid ... More Than U.S. Companies'	STUDY: 25 Of Highest Paid CEOs Earned MORE Than Their Companies ... STUDY: 25 Of Highest Paid CEOs Earned MORE Than Their Companies ... highest paid U.S. CEOs earned more last year than their companies paid
Evelyn Y. Davis Evelyn Y. Davis Evelyn Y. Davis	STUDY: COMPANIES PAID MORE TO CEOS THAN IN US... STUDY: COMPANIES PAID MORE TO CEOS THAN IN US... Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. The study, by the Institute for Policy Studies, said the companies ...	Study: Companies Paid More To CEOs Than In US Tax Study: Companies Paid More To CEOs Than In US Tax NEW YORK (AP) — Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. The study, by the Institute for Policy Studies, said the ...	Study: Companies paid more to CEOs than in US tax Study: Companies paid more to CEOs than in US tax The liberal-leaning Institute for Policy Studies study finds companies, including AT&T, Boeing and Citigroup, paid their CEOs an average of $20.4 million last year while paying little or no federal tax on ample profits. Of the 26 companies, 18 received ...
Study: Companies paid more to CEOs than in US tax Study: Companies paid more to CEOs than in US tax The liberal-leaning Institute for Policy Studies study finds companies, including AT&T, Boeing and Citigroup, paid their CEOs an average of $20.4 million last year while paying little or no federal tax on ample profits. Of the 26 companies, 18 received ...	Survey: Pay of some CEOs exceeds what their companies pay in taxes Survey: Pay of some CEOs exceeds what their companies pay in taxes p>The 2012 report from the Institute for Policy Studies, released today, says changes in U.S. tax law are needed because the practices they cite are all legal.“The tax code has become a ... More News. Among the 100 highest-paid U.S ...	US selling Sterling shares US selling Sterling shares NEW YORK – Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by the Institute for Policy Studies. The study said the companies, including AT&T, Boeing and ...	Johnsonville recalls turkey sausages Johnsonville recalls turkey sausages Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. The study by the Institute for Policy Studies said the companies ...
AP Top News at 3:58 am EDT AP Top News at 3:58 am EDT NEW YORK — Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. The study, by the Institute for Policy Studies, said the ...	Judge bars American from dropping pilots' contract Judge bars American from dropping pilots' contract Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. Twenty-six big U.S. companies paid their CEOs more last year than they ...	US Treasury bond market at a glance US Treasury bond market at a glance Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. Twenty-six big U.S. companies paid their CEOs more last year than they ...	Number of US car dealerships rose in 2011 Number of US car dealerships rose in 2011 Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. Twenty-six big U.S. companies paid their CEOs more last year than they ...
US factories, builders lift struggling economy US factories, builders lift struggling economy Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. Twenty-six big U.S. companies paid their CEOs more last year than they ...	Oil prices rise on big drop in US supplies Oil prices rise on big drop in US supplies Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. Twenty-six big U.S. companies paid their CEOs more last year than they ...	Number of US car dealerships rose in 2011 Number of US car dealerships rose in 2011 Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. Twenty-six big U.S. companies paid their CEOs more last year than they ...	S&P downgrades Nokia further into junk status S&P downgrades Nokia further into junk status Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. Twenty-six big U.S. companies paid their CEOs more last year than they ...
Cheaper junk mail? Newspapers decry US Postal plan Cheaper junk mail? Newspapers decry US Postal plan Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. Twenty-six big U.S. companies paid their CEOs more last year than they ...

Study: Companies Paid More to CEOs Than in US... : Videos

25 Top US CEOs Earned More Than Their Companies Paid in Taxes 25 Top US CEOs Earned More Than Their Companies Paid in Taxes Twenty-five of the 100 highest paid CEOs earned more last year than their companies paid in federal income tax. In a clear sign that our ... Rated: 4.875     Duration: 121 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 01 Sep 2011 22:40:41 PDT	Firms Spent More On CEOs Than Taxes Firms Spent More On CEOs Than Taxes The Institute on Policy Studies revealed that the top 25 US firms paid more to CEOs than they did on income taxes. The Young Turks host Cenk Uygur ... Rated: 4.9549718     Duration: 298 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 31 Aug 2011 18:28:04 PDT	Corps Pay More in Lobbying Than Taxes Corps Pay More in Lobbying Than Taxes A new report from the Institute for Policy Studies shows that of 2010's 100 highest paid corporate chief executives in the US, twenty-five ... Rated: 4.884058     Duration: 453 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 31 Aug 2011 15:54:23 PDT	Chuck Collins on IPS Report, Executive Excess: Massive CEO Rewards for Tax Dodging. 1 of 2 Chuck Collins on IPS Report, Executive Excess: Massive CEO Rewards for Tax Dodging. 1 of 2 DemocracyNow.org - A new study reveals that 25 of the nation's largest corporations paid more money to their CEOs last year than they did to ... Rated: 5     Duration: 893 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 01 Sep 2011 08:14:46 PDT
Corporations, Tax Breaks, Job Creation, Economic Policy, Status Quo Corporations, Tax Breaks, Job Creation, Economic Policy, Status Quo on politics to save billions in taxes‎ CEOs Earned More Than US Companies' Tax Bills‎ CEOs who make more than their companies pay in taxes Ford .... Rated: 5     Duration: 89 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 01 Sep 2011 02:07:10 PDT	Chuck Collins on IPS Report, Executive Excess: Massive CEO Rewards for Tax Dodging. 2 of 2 Chuck Collins on IPS Report, Executive Excess: Massive CEO Rewards for Tax Dodging. 2 of 2 DemocracyNow.org - A new study reveals that 25 of the nation's largest corporations paid more money to their CEOs last year than they did to ... Rated: 5     Duration: 243 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 01 Sep 2011 08:19:58 PDT	Sarah Anderson - we need to tax big companies more Sarah Anderson - we need to tax big companies more 31 Aug 2011 Bloomberg Sarah Anderson is Fellow at the Institute for Policy Studies. Background: Study finds CEOs earn more than company tax bills ... Rated: 5     Duration: 321 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 01 Sep 2011 16:26:06 PDT	DN! US CEOs Who Fired Most Workers Earned Highest Pay DN! US CEOs Who Fired Most Workers Earned Highest Pay Study: CEOs Who Fired Most Workers Earned Highest Pay A new study shows the CEOs who fired the most workers during the economic recession have ... Rated: 5     Duration: 53 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 01 Sep 2010 08:53:10 PDT
Google Adweek 2010: Fast Company CEO Forum Google Adweek 2010: Fast Company CEO Forum Rated: -1     Duration: 2611 seconds     Video type: YouTube     Hosted by: www.youtube.com on Tue, 28 Sep 2010 14:52:44 PDT	Brad Anderson, CEO of Best Buy at Zeitgeist 08 Brad Anderson, CEO of Best Buy at Zeitgeist 08 Brad Anderson at Zeitgeist '08 Rated: 4.2962961     Duration: 1733 seconds     Video type: YouTube     Hosted by: www.youtube.com on Sat, 27 Sep 2008 17:57:03 PDT	Eric Schmidt at the ASNE NewsNow 2010 Ideas Summit Eric Schmidt at the ASNE NewsNow 2010 Ideas Summit good for news. You think about it. You have more readers than ever. You have more sources than ever for sure. You have more ways to report, and ... Rated: 4.5955057     Duration: 2699 seconds     Video type: YouTube     Hosted by: www.youtube.com on Mon, 12 Apr 2010 12:55:48 PDT	Bill Fisher talks Englishtown on Fox News Bill Fisher talks Englishtown on Fox News needs, Businessweek did a study ten years ago that showed that speakers of English in non-speaking English countries get paid 30% more than people ... Rated: 5     Duration: 275 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 24 Feb 2011 18:59:56 PST
CMS Competitive Bid DMEPOS Testimony by Nancy Schlicting CEO Henry Ford Health System CMS Competitive Bid DMEPOS Testimony by Nancy Schlicting CEO Henry Ford Health System Statement by Nancy M. Schlichting President & CEO, Henry Ford Health System Detroit, Michigan For the Committee on Energy & Commerce ... Rated: -1     Duration: 355 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 08 Dec 2010 07:02:00 PST	Leading@Google: Tony Hsieh Leading@Google: Tony Hsieh profits, the number one priority of the company, or the higher purpose of the company, it actually enabled these companies to make, generate more ... Rated: 4.9004149     Duration: 3323 seconds     Video type: YouTube     Hosted by: www.youtube.com on Mon, 19 Jul 2010 09:57:14 PDT	Healthcare Cost in the United States Set to Surge in 2012 Healthcare Cost in the United States Set to Surge in 2012 www.StockMarketFunding.com Healthcare Cost in the United States Set to Surge in 2012. The cost of employer-sponsored health insurance surged this ... Rated: 5     Duration: 73 seconds     Video type: YouTube     Hosted by: www.youtube.com on Tue, 27 Sep 2011 19:46:22 PDT	Google I/O 2010: Google TV Keynote, Day 2 - CEO Partner Panel Google I/O 2010: Google TV Keynote, Day 2 - CEO Partner Panel Google I/O 2010: Google TV Keynote, Day 2 - CEO Partner Panel Due to licensing and permissions issues, we are unable to show the full Google TV ... Rated: 4.8991594     Duration: 1363 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 20 May 2010 17:03:05 PDT
The College Conspiracy - Full. The College Conspiracy - Full. life. NIA tracks price inflation in all US industries and there is no industry that has seen more consistent price inflation this decade than ... Rated: 4.5384617     Duration: 3767 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 25 May 2011 14:33:25 PDT	Dr. Stephen Tang, President & CEO, University City Science Center, speaks about the COMPETES report Dr. Stephen Tang, President & CEO, University City Science Center, speaks about the COMPETES report Dr. Stephen Tang, President & CEO, University City Science Center, speak about the COMPETES report: I am fortunate to have lived most of my ... Rated: 5     Duration: 143 seconds     Video type: YouTube     Hosted by: www.youtube.com on Thu, 05 Jan 2012 13:28:38 PST	Managing a Global Enterprise: Andrea Jung, CEO of Avon Managing a Global Enterprise: Andrea Jung, CEO of Avon As part of the View From The Top series, Avon Chair and CEO Andrea Jung discusses the challenges of managing a global enterprise with six million ... Rated: -1     Duration: 3383 seconds     Video type: YouTube     Hosted by: www.youtube.com on Tue, 17 Nov 2009 13:20:07 PST	Green at Google: Opower CEO Dan Yates Green at Google: Opower CEO Dan Yates "The average person spends 6 minutes a year thinking about their energy use. How much do you think about yours? In celebration of Earth Day ... Rated: 5     Duration: 3160 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 09 May 2012 13:04:04 PDT
Whole Foods CEO Mackey Wants to Transform Business Whole Foods CEO Mackey Wants to Transform Business John Mackey, the CEO of Whole Foods Market chain, has loftier goals than getting Americans to eat healthy foods, one of the missions of his ... Rated: -1     Duration: 2941 seconds     Video type: YouTube     Hosted by: www.youtube.com on Mon, 01 Feb 2010 13:13:06 PST	Hermitage CEO Browder: Dont Invest in Russia Today Hermitage CEO Browder: Dont Invest in Russia Today Bill Browder, MBA '89, founder and CEO, talks about Hermitage Capital Management's investments in Russia and the fall out from the ... Rated: 5     Duration: 2632 seconds     Video type: YouTube     Hosted by: www.youtube.com on Wed, 04 Nov 2009 12:55:48 PST	Alex Jones: NIAs COLLEGE CONSPIRACY 1/5 Alex Jones: NIAs COLLEGE CONSPIRACY 1/5 life. NIA tracks price inflation in all US industries and there is no industry that has seen more consistent price inflation this decade than ... Rated: 4.7142859     Duration: 896 seconds     Video type: YouTube     Hosted by: www.youtube.com on Mon, 23 May 2011 23:56:02 PDT	Press Conference in Mabhuti, Eric Dumonpierre, CEO, Berden Laboratories Press Conference in Mabhuti, Eric Dumonpierre, CEO, Berden Laboratories Eric Dumonpierre, CEO of Berden Laboratories, held a press conference today in the country of Mabhuti to respond to recent attacks over his ... Rated: 5     Duration: 225 seconds     Video type: YouTube     Hosted by: www.youtube.com on Tue, 30 Nov 2010 08:15:34 PST

Study: Companies Paid More to CEOs Than in US... : Latest News, Information, Answers and Websites

Did you know that IPS (IPS-DC.org) says that growth rate of CEO pay over the last 30 years is almost 1000%?

Putting aside the obvious bilking that the taxpayer is taking at the hands of defense contractor CEOs, the average CEO wage (S&P500) is increasing by close to 10 times more than the typical Americans salary every year in the US. According to this study, in 2008 the average CEO of a company on the S&P 500 was a whopping 344 times the typical American wage. http://www.faireconomy.org/files/executive_excess_2008.pdf As for the defense contractor CEOs, they seem to have a conflict of interest in being in Iraq and Afghanistan. Theyve somehow managed to convince people that they are improving the lives of the people who live there by selling their equipment, weapons and services to American taxpayers by vilifying the religion of Islam. Yet, according to IPS excess executive pay study (2006) found that since 9/11, the 34 defense CEOs have pocketed a combined total of $984 million, or enough, the report says, to cover the wages for more than a million Iraqis for a year. Thats some way to improve their lives. Real magnanimous of them. Meanwhile Americans sitting at home are still convinced they are spending $4.5 Billion a month to find Osama Bin Laden, when he isnt even wanted in connection with 9-11 according to the FBIs own website, AND we all know that Bush and Henry Kissinger had strong business ties with the Bin Ladens. http://archives.cnn.com/2002/ALLPOLITICS/12/13/kissinger.resigns/ {BLU} I dont care how they use the statistics, I only care that the info is accurate to arrive a my own opinion.
Category: Politics

STUDY: COMPANIES PAID MORE TO CEOS THAN IN US... - ABC News ...

Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. The study, by the Institute for Policy Studies, ...

Study: Companies paid more to CEOs than in US tax | The Toronto ...

NEW YORK, N.Y. – Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think-tank . The study, by the Institute ...

Study: Companies paid more to CEOs than in US tax | azfamily.com ...

3 hours ago ... NEW YORK (AP) — A new study says 26 large U.S. companies coughed up big bucks to their CEOs last year but for federal taxes, not so much.

Could America REALLY be in dire economic straits if CEOs are earning bonuses 2-3 times higher than average CEO?

...salaries, for making BIG LAYOFFS? Come on, conservatives. Lets hear you defend the Big Boys now. **************** CEOs: Cut more jobs, make more money A study reveals an unsettling trend from the Great Recession: Not only did many CEOs get raises while laying off workers, those who cut more got bigger pay packages. Highest-paid CEOs Turns out that while legions of workers got pink slips, the CEOs at some of the companies making the steepest job cuts earned some of the biggest salaries. And the issue isnt the much-discussed pay gap between executives and average workers; these CEOs earned pay packages that were often two or three times the average pay for other CEOs. Meanwhile, the layoffs cost us all -- because of a weaker economic recovery due to a dwindling consumer class and the cost to the government of supporting an army of unemployed. This unsettling CEO reward system, highlighted in a new report from the Institute for Policy Studies, raises an obvious question: Is one reason unemployment remains high that, for CEOs, cutting jobs pays? "By hollowing out their companies and cutting costs, CEOs can get a short-term stock price increase" and cash in on their stock and stock options, http://articles.moneycentral.msn.com/Inv… SORRY - try this link: http://articles.moneycentral.msn.com/Investing/CompanyFocus/ceos-cut-more-jobs-make-more-money.aspx?ucpg=2 To "Whols" - Nope, sorry. Not "seemingly overnight". The information has been in the news for months now (to anyone INTERESTED in real news) that companies are posting record profits during this "recession". Why, you may ask? Because they LAID OFF or fired large numbers of employees, and so now LESS EMPLOYEES are forced to do the same amount of work. I know this to be a fact because it has happened at my work, as a matter of fact. All we HEAR from the Obama haters is WHERE ARE THE JOBS? WHERE ARE THE JOBS?" Well here is your stinking answer: The jobs are NOT coming back until the GREEDY filthy evil big businesses get tired of raking in the profits.... Gee. When do you think thatll be? To "Breath Tax" -- WTF? How in Gods name do you get "envy" out of this post? You people are unbelievable. What is happening in corporate America right now is WRONG. "envy" does not come into play.
Answer: they are deliberately not hiring to make Obama look bad
Category: Politics

Study: Companies paid more to CEOs than in tax Republican ...

2 hours ago ... NEW YORK — Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study ...

Would you be willing to forgo your salary for one year to help balance the budget?

President Obama would you be willing to forgo your salary for one year and ask each member of congress to do the same as an act of good faith in working to balance the National Budget? The Tea Party was born out of frustration about just such issues that hang over America. Most recently, Starbucks Corp. CEO Howard Schultz is urging other C.E.O.s to not contribute to any U.S. political campaigns until the nations leaders resolve its finances. The leader of the coffee giant urged the halt in contributions as concern builds over the effect that political wrangling in Washington, D.C., may be having on the economy. To merit any further political donations, Congress and the President must "deliver a fiscally disciplined, long-term debt and deficit plan to the American people," Schultz wrote in an email Monday that reached the leaders of more than 3,000 publicly traded companies. "We invite leaders of businesses -- indeed all concerned Americans -- to join us in this pledge," he wrote.(1 - www.businessweek.com/ap/financialnews/D9P5FU180.htm) Since Congress has decided to borrow what it seems its never willing to pay, to the entire country’s detriment, why not ask Congress take no pay for one year? Consider this - The current base pay (2011) for rank-and-file members of the House and Senate is $174,000 per year. By the way, this DOES NOT INCLUDE ANY OF THEIR BENEFITS! House and Senate Majority/Minority Leaders start at $193,400 and the Speaker of the House $223,500. Cabinet members start at $199,700, the Vice President $230,700 and the President $400,000. Now let’s apply that $94,846,300 to the National debt. (2 - usgovinfo.about.com/od/uscongress/a/congresspay.htm ) While there are a few in Congress who really depend on their salary, according to the Center for Responsive Politics, the median personal wealth for members of Congress grew to $911,510 in 2009, up from $785,515 in 2008. Nearly half of the members of Congress are millionaires. U.S. Sen. Dianne Feinstein is one of 261 millionaire members of Congress. Of the 261 millionaire members of Congress, 55 have an average calculated wealth of $10 million or more. Rockefeller and seven other members of Congress reported personal wealth in the $100 million-plus range. The median wealth of a U.S. House member was $765,010 in 2009, up from $645,503 in 2008. U.S. Rep. Vern Buchanan, a Republican from Florida , reported a net worth of as much as $366.2 million in 2010, according to financial disclosures. The same report has U.S. Rep. Darrell Issa, a republican from California , reporting a net worth of between $156.1 million and $451.1 million in 2010. “Few federal lawmakers must grapple with the financial ills - unemployment, loss of housing, wiped out savings - that have befallen millions of Americans,” Sheila Krumholz, executive director of the Center for Responsive Politics, said in announcing the study findings in November 2010. “Congressional representatives on balance rank among the wealthiest of wealthy Americans and boast financial portfolios that are all but unattainable for most of their constituents.” (3 - usgovinfo.about.com/.../uscongress/.../Wealthiest-Members-of-Congress.htm) Finally a word from one of our Founding Fathers: To Senator, and former House Speaker, Nathaniel Macon, Thomas Jefferson wrote in 1821, "There does not exist an engine so demoralizing of the nation as a public debt. It will bring on us more ruin at home than all the enemies from abroad against whom this army and navy are to protect us." (4 - spectator.org/archives/2011/08/05/thomas-jefferson-warned)
Answer: Most Americans are carrying lots of debt. Giving extra money to balance the budget without a commitment by the government to cut expenses, by say 10% across the board, would be an invitation to lawmakers to find ways to spend more. I must balance my own budget by reducing expenses, as I can't increase my revenue, the government must do the same!
Category: Government

Some companies pay more to CEOs than to Uncle Sam: study

Citigroup, Abbott Laboratories, and AT&T are among the 26 companies that paid more to their CEOs in 2011 than they did in federal taxes, according to a study released on Thursday. Tax breaks on research . ... Reuters - As U.S. companies shed millions of workers during the recession, the CEOs who laid off the most people brought home pay that was significantly higher than that of their peers, a study released on Thursday found. Obama's Tax Plan - Is he really bad ...

What is the Cost of Capitalist Greed and the selling of BS?

I think Capitalism is slowly falling, so the people scared of losing their jobs are really selling us on the BS. Perhaps people are getting tired of big corporations trying to sell us stuff we can either get for free or pay significantly less for? Why should I pay Nestle $2 for a bottle of water when I can get it out of the tap for 1 cent a gallon? Why should I pay $10 for a bottle of Ibuprofen labeled Motrin when I can go to the dollars store and get the same thing for a dollar? I give my money to those I feel deserve it more, like the homeless guy even though I know it will go to liquor. At least he will buy the most cost efficient and cheap brand. Maybe people are getting tired of paying high prices for brand names or of companies selling us stuff that we dont need so we just stopped paying for it. I just found out, yes I was dumb, that corporations spanning over many different industries purposely make their products fail or degrade over a short period of time simply so that the consumer will be forced to buy it again. Pharmaceutical companies, once their Patton expires on a popular drug, they add a couple of extra ingredients to the same recipe and resell it as a new drug. How come Thomas Edison light bulb still works yet I have to replace light bulbs every 3 months? No one fears the legalization of Marijuana than the pharmaceutical companies, how many pain killers and other drugs they sell with half assed results will collect dust because the public found a more effective cheaper product to treat their illnesses? The Pharmaceutical companies are evolving though; they are getting smarter and selling BS. Now they provide medication to healthy people for possible ‘preventative’ reasons pushed on you by doctors they have paid off with vacation retreats in the guise of conferences, gift bags to encourage them to push their drugs on their patients. Fish Oil has little studies done on its effectiveness because it’s too widely available and doesnt bring in money. The Entertainment industry is about to bite the dust like the Newspaper industry because people dont want to buys CDs, books, and DVDs anymore. Why would they when they can get it for free online, a copy that is infinite, can be stored in a space too small to even see, and doesnt waste trees or whatever it takes to make DVDs? Why pay for the entire crappy CD that a one hit wonder artist made when you can download the only good single on their album for free or cheap? Or you could spend hours entertained by you tube videos of real people entertaining you for free. Because the movie stars and producers need to buy another yacht or private jet? Should I care that these greedy CEOs and Hollywood producers might have to eventually join me in the unemployment line because their jobs have become obsolete or only pay minimum wage like other jobs? I doubt they work as hard as say the Chilean Miners, and who is really providing a useful product? Coal produces energy, what does a Hollywood star produce other than crappy movies? I love writing and there is no money in it, but I do it simply because I like it. For some reason people that just happen to be in a big industry like films etc. think that their work is worth more and that they should be paid more for it. Why should they? Shouldnt they just evolve like everyone else has had to do? Perhaps they are too comfortable with their lifestyles and refuse to join the general public with a normal job and lifestyle because they think that they are above the rest of us. A computer replaced my job, and it is starting to replace theirs too. But I don’t think they would be happy standing in the unemployment line. I think this recession is mostly due to the fact that greedy corporations are hiking up prices yet firing people because they have no use for them. Why pay an American $10 an hour to make things when you can pay the Chinese or Indians $10 a day to do the same job with fewer complaints and no benefits? These big corporations have no problem exploiting others, yet when they believe that the consumers or public is exploiting them they launch an attack of lawyers and copyright laws.
Answer: Give http://allfreefilms.info/zqom a go. I watch shows on there regularly and it's always fast.
Category: Economics

Some U.S. companies pay more to CEOs than - Democratic ...

Citigroup, Abbott Laboratories, and AT&T are among the 26 companies that paid more to their CEOs in 2011 than they did in U.S. federal taxes, ...

Some U.S. companies pay more to CEOs than to Uncle Sam - study ...

3 hours ago ... Three companies cited take issue with study methodology. * Think tank: 4 pay- related tax breaks cost taxpayers $14 bln. By Nanette Byrnes ...

If capitalism is the best system, why do these things happen?

Many of you argue that capitalism is the best system for the distribution of wealth to the people, and also is the best system for society. If so, why do these things happen: This is a long one, please bear with me. Point 1: If capitalism is so great, why do so many big private institutions continue to engage in fraud and illicit immoral activity? You have companies like: Enron (accounting fraud), Adelphia Communication (accounting fraud), AOL Time Warner (accounting fraud), Arthur Anderson (embezzlement- fraud), Bristol-Myers Squibb (accounting fraud), CMS Energy (sales fraud), Duke Energy (sales fraud), Dynegy (sales fraud), El Paso (sales fraud), and dozens more. See this for lists of fraudulent immoral corporations: http://www.forbes.com/2002/07/25/accountingtracker.html http://www.commondreams.org/views05/0124-21.htm If capitalism is so great, why do these things happen, DIRECTLY costing YOU the taxpayer BILLIONS. We have to create entities like the SEC to try and clamp down on these immoral corporations, who do not pay for the damages to the market they create. If capitalism is so great, why do we need things like the SEC? Point 2: If capitalism is so great, why do they continually lobby the government, who they accuse of never doing anything right, for trillions of dollars in subsidies? If capitalism worked so well, dont you think that they would not need the government for subsidies? If capitalism worked so well, why do they ask the government for subsidies to offset their costs? We give 60 billion dollars a year to the health insurance companies. We give 187 billion a year to the energy companies. We give 197 billion a year to all the different farming sectors. We give 75 billion a year to the pharmaceutical companies. We give over 300 billion a year to the various health insurance companies. The list goes on. We give hundreds of millions of dollars to individual companies so that they stay competitive and profitable. Is this true efficiency and profitability? If we TOOK AWAY all these subsidies, would capitalism still be so great? Point 3: If capitalism works so well and is so great, why do corporations ask the public to alleviate their debt, but privatize their profits. I thought that capitalism was supposed to be about private enterprise, so why do the banks pass off their debt to the public for all their bad mistakes. The CEOs of the bank rode their companies into the ground, and they begged the government to help them, now the people owe an additional trillion dollars in debt and the Banks are making more profit than anytime in history. IS this what capitalism is? Socialize the debt, privatize the profit? If capitalism worked so well, why do the people have to foot the bill for the capitalists mistakes? Point 4: If capitalism worked so well and is so great, why is the disparity between the rich and the poor increasing at an astounding rate. If it was so great, wouldnt we all rise together? IF it was so great, wouldnt the rich bring us all up. That is not happening. Between 2000 and 2007, the average American worker’s productivity rose 19.2%, yet more of those gains are going to top managers. Adjusted for inflation, average wages have grown just 0.7% per year since June 2000. In 1979, the ratio between the average CEO’s pay and the typical workers pay was 27 to 1. By 2007, it had widened to 275 to 1. Not only that but executives at financial firms bailed out by the government received on average $13.8 million in compensation last year, according to a study of bank earning statements released last week. Grand Final question: If capitalism is so great, why do these things happen? This is not, nor has it ever been a part of my "education" these are facts that are open for anyone to see. What I am preaching is NOT taught in school. It is open for anyone with an open mind to see. And Yes, capitalism is a method of distribution of wealth. It is one where an individual owns the means of production and distribution of resources. And no, The government gets involved in these things because capitalism has failed, not the other way around. If capitalism worked, government would never have to get involved. Those are the facts.
Answer: Capitalism as it is taught in school assumes a "level" playing field with everyone starting off equal. Reality is that no one starts off 'equal". Reality is that corporations run and manipulate the government for their own narrow ends. Reality is that the rich have an unparallelled greed and insatiable appetite for "more". The reality is, if you are fortunate and lucky and get rich, it is so rare that they put your face on a magazine and hold you up as an example. Michael Moore said it best " Being Rich is a Private Club, and you're NOT invited" The war between the rich and poor is over...the rich won...now get back to work, slave.
Category: Politics

Some companies pay more to CEOs than to Uncle Sam: study ...

(Reuters) – Citigroup, Abbott Laboratories, and AT&T are among the 26 companies that paid more to their CEOs in 2011 than they did in federal taxes, according to a study released on Thursday. Tax breaks on research and ...

Study: Companies paid more to CEOs than in US tax | 11alive.com

2 hours ago ... NEW YORK (AP) -- A new study says 26 large U.S. companies coughed up big bucks to their CEOs last year but for federal taxes, not so much.

CEOs who make more than their companies pay in taxes ...

Twenty-five of the 100 highest paid U.S. CEOs (including some with Chicago ties) ... more last year than their companies paid in federal income tax , a pay study ...

Some companies pay more to CEOs than to Uncle Sam: study

Some U.S. firms paid more to CEOs than taxes: study (Reuters). Reuters - Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday.

Study: Companies paid more to CEOs than in U.S. tax

Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank Latest CBS MoneyWatch Headlines - CBS ...

has common sense escaped us?

Questioning the justification in Ceo pay skyrocketing as the workers pay has declined, with companies until the past year being profitable. Is viewed by many as being liberal and such things. While no study, or findings has proven any ceo brings the value to the company that would justify there salary, people still view this as between the ceo and the company a private matter. As the gap widens more we are to shut up and not worry that mr. ceo made 20 million extra while the company last 200 million. yes I do own stock in Ford, Alliance Data Systems, Petrobrasil, and Cit group. So as a shareholder I have the right to question their executive pay As a tax paying citizen I have the right to question ceo pay when workers lack of pay is harming the economy. Do I think ceos shouldnt be well compensated no they should be, but no one person in reality brings that much value to a company. Look at how much Warren Buffet pays the ceos of companies controled by berkshire hathaway. If ceos were really worth 20 million wouldnt Warren Buffett who knows the value of things pay more than he does, No because Warren Buffett knows that they are not worth that much. I guess that is one reason he is worth more that most republicans. I think he is somewhat of a liberal huh melisa - we call it free market, but something tells me its time for a name change. We are mixing 18th century thoughts with 21st century knowledge and technology. There are suprsingly some that feel the pay is excessive and not earned ggraves - don;t mistake questioning what has become the status quo for anger. The problem is we have been taught to accept things because thats the way they are. Im glad that the founders of our country questioned things. Im glad those who formed the first unions questioned things. thanks to them we have the40 hour work week. and a safe working enviroment. There first concerns before money was safety
Answer: of course... the common Republican isn't a CEO... do they think that a CEO is 2,000 times a better worker than they are? the CEO is getting paid 2,000 times more? apparently at some point in the 1980s, they realized that you can pay a CEO a ton, tell the CEO to pay the workers basically nothing... and he'll do it... and it will increase overall profit... and it's just gotten much worse since then... EDIT: the only problem is... the only people with really the money to buy enough stock to make a change... are usually former CEOs and high level execs... who think the same way...
Category: Politics

Study: Companies paid more to CEOs than in US tax | KTVB.COM ...

3 hours ago ... NEW YORK (AP) — A new study says 26 large U.S. companies coughed up big bucks to their CEOs last year but for federal taxes, not so much.

Study: Companies paid more to CEOs than in US tax | iPolitics

NEW YORK, N.Y. – Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a ... Please Register or Log in to view the complete ...

Study: Companies paid more to CEOs than in U.S. tax - CBS News

3 hours ago ... Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released ...

Why does bush want to stay in Iraq if the majority of the people dont?

Congress Must Cut Off Bush Family War Profits by Evelyn Pringle Global Research, April 10, 2007 Countercurrents.org - 2007-04-11 Email this article to a friend Print this article On Monday, April 9, 2007, the Boston Herald reported that the US military had announced the Easter weekend deaths of 10 more American soldiers, including six killed on Sunday. The Associated Press reports that, since the war began in March 2003, over 3,000 members of the US military have been killed in Iraq, as of April 8, 2007. The military reported the deaths of four more US soldiers on Tuesday. Its nearly impossible to estimate the number of deaths of civilians in Iraq, but the Herald reports that at least 47 people were killed or found dead in violence on Easter Sunday, including 17 execution victims dumped in the capital. News releases out of Iraq also report that a woman wearing a black veil and strapped with explosives blew herself up outside a police station in Iraq on Tuesday, killing 16 people. According to the January 14, 2007 LA Times, Steven Kosiak, director of budget studies at the Center for Strategic and Budgetary Assessments in Washington, says that, starting with the anti-terrorism appropriation a week after the 9/11 attacks, he estimates the US has spent $400 billion fighting terrorism through fiscal 2006, which ended on September 30, 2006. In January 2007, Marine Corps spokeswoman, Lt Col Roseann Lynch, told Reuters that the war in Iraq is costing about $4.5 billion a month for military “operating costs,” which did not include new weapons or equipment. Since this war on terror was declared following 9/11, the pay levels for the CEOs of the top 34 defense contractors have doubled. The average compensation rose from $3.6 million during the period of 1998-2001, to $7.2 million during the period of 2002-2005, according to an August 2006, report entitled, "Executive Excess 2006," by the Washington-based, Institute for Policy Studies, and the Boston-based, United for a Fair Economy. This study found that since 9/11, the 34 defense CEOs have pocketed a combined total of $984 million, or enough, the report says, to cover the wages for more than a million Iraqis for a year. In 2005, the average total compensation for the CEOs of large US corporations was only 6% above 2001 figures, while defense CEOs pay was 108% higher. But the last name of one family, which is literally amassing a fortune over the backs of our dead heroes, matches that of the man holding the purse strings in the White House. On December 11, 2003, the Financial Times reported that three people had told the Times that they had seen letters written by Neil Bush that recommended business ventures in the Middle East, promoted by New Bridges Strategies, a firm set up by President Bush’s former campaign manager, who quit his Bush appointed government job as the head of FEMA, three weeks before the war in Iraq began. Neil Bush was paid an annual fee to "help companies secure contracts in Iraq," the Times said. But Neil Bush is by no means the only Bush profiting from the war on terror. The first President Bush is so entangled with entities that have profited greatly that its difficult to even know where to begin. Bush joined the Carlyle Group in 1993, and became a member of the firms Asian Advisory Board. The Carlyle Group was best known for buying defense companies and doubling or tripling their value and was already heavily supported by defense contracts. But in 2002, the firm received $677 million in government contracts, and by 2003, its contracts were worth $2.1 billion. Prior to 9/11, some Carlyle companies were not doing so well. For instance, the future of Vought Aircraft looked dismal when the company laid off 20% of its employees. But business was booming shortly after the wars in Afghanistan and Iraq began, and the company received over $1 billion in defense contracts. The Bush familys connections to the Osama bin Ladens family seem almost surreal. On September 28, 2001, two weeks after 9/11, the Wall Street Journal reported that, "George H.W. Bush, the father of President Bush, works for the bin Laden family business in Saudi Arabia through the Carlyle Group, an international consulting firm." As a representative of Carlyle, one of the investors that Bush brought to Carlyle was the Bin Laden Group, a construction company owned by Osamas family. The bin Ladens have been called the Rockefellers of the Middle East, and the father, Mohammed, has reportedly amassed a $5 billion empire. According the Journal, Bush convinced Shafiq bin Laden to invest $2 million with Carlyle. The Journal found that Bush had met with the bin Ladens at least twice between 1998 and 2000. On September 27, 2001, the Journal reported that it had confirmed that a meeting took place between Bush Senior and the bin Laden family through Seniors Chief of Staff, Jean Becker, but only after the reporter showed her a thank you note that was written and sent by Bush to the bin Ladens after the meeting. The current President’s little publicized affiliation with the bin Laden family goes back to his days with Arbusto oil when Salem bin Laden funneled money through James Bath to bail out that particular failed company. Probably the most eerie report about this strange group of bedfellows is that on 9/11, the day that served as a kick-off for the highly profitable war on terror, Shafiq bin Laden attended a meeting in the office of the Carlyle Group, and stood watching TV with other members of the firm as the WTC collapsed. The fact that so many Saudis, including many bin Ladens, were allowed to fly out of the country right after 9/11, while Americans were still grounded, has always seemed a bit strange to most people also, especially when nobody in the Bush administration was able to explain who gave permission for the flights. About a month after 9/11, in October 2001, the Carlyle Group severed its ties with the Bin Laden Group, but the Bush family did not. In January 2002, Neil Bush took a trip to Saudi Arabia that was sponsored by the Bin Laden Construction Company and Prince Alwaleed bin Talal, the same Prince who offered New York Mayor, Rudy Giuliani $10 million to help the 9/11 victims, a gesture that Rudy refused. In the fall of 2003, Bush Senior finally resigned from the Carlyle Group as the accusations of family war profiteering grew louder. However, according to the Washington Post, he still retained stock in the firm and gave speeches on its behalf for a fee of $500,000. Carlyle companies have also scored big in the Homeland Security bonanza. Federal Data Systems and US Investigations Services hold multi-billion- dollar contracts to provide background checks for airlines, the Pentagon, the CIA and the Department of Homeland Security. US Investigations used to be a federal agency, until it was privatized in 1996 and taken over by Carlyle. Marvin and Jeb Bush are also highly successful members of the family war profiteering team. Marvin is a co-founder and partner in Winston Partners, a private investment firm, and Jeb is an investor in the Winston Capital Fund, which is managed by Marvin. Winston Partners is part of the Chatterjee Group, which owned 5.5 million shares in a company called Sybase in 2001, a firm that had contracts worth $2.9 million with the Navy, $1.8 million with the Army and $5.3 million with the Department of Defense. All totaled, the federal procurement database listed the firms contracts that year as $14,754,000. And, Sybase was not the only company delivering war profits to Marvin and Jeb. The portfolio of Winston Partners also included the Amsec Corp, which, in 2001, was awarded $37,722,000 in Navy contracts. Marvins business partner, Scott Andrews, sat on the board of directors at AMSEC, and the companys CEO was Michael Braham, who formerly worked for Paul Bremer, the leader of the Coalition Provisional Authority responsible for handing out contracts Iraq. This is the same Paul Bremer who used Iraqi money from the Development Fund for Iraq to award 5 no-bid contracts to Dick Cheney’s cash cow, Halliburton, worth $222 million, $325 million, $180 million, and $194 million combined for the last two, according to a July 28, 2004, report by the CPA Inspector General Stuart Bowen, entitled, "Comptroller Cash Management Controls over the Development Fund for Iraq." As it turns out, Halliburton received 60% of all contracts paid for with Iraqi money. In a January 2005 report, Inspector Bowen concluded that occupation authorities accounted poorly for $8.8 billion in Iraqi funds, and said, "The CPA did not implement adequate financial controls.” The Presidents uncle, William (Bucky) Bush, is the most visible war profiteer on the team. He sat on the board of a major military contractor called Engineered Support Systems. Six months before the war in Iraq began, on September 16, 2002, CNN/Money Magazine called ESS one of "seven defense stocks that fund managers like," and one fund manager said ESS was one of two companies that "would gain the most from a war from Iraq." As a director, Uncle William received a monthly fee and held stock options. In January 2003, before the Iraq war began, he owned 33,750 shares of stock, but a year later, in January 2004, he owned 56,251. The fact that Uncle William had an inside line to the White House can hardly be disputed. On March 25, 2003, Bush asked Congress for funding, "to cover military operations, relief and reconstruction activities in Iraq, and ongoing operations in the global war on terrorism," and the very next day, ESS announced a large order from the Army for its Chemical Biological Protected Shelter systems. Uncle William has become a very rich man since his nephew took office. In January 2005, SEC filings show that he made about $450,000 by selling ESS stock. But he did even better the next year. According to the Excess Report, through a series of defense contracts, ESS earnings reached record levels and set the stage for the sale of the firm to another defense contractor, DRS Technologies, in January 2006, and among the beneficiaries of the deal was Uncle William, who cleared $2.7 million in cash and stock off the sale. Its time for Congress to stop the direct deposits of tax dollars into the Bush bank accounts. Lawmakers need to notify the White House that all funding for Iraq is done, other than what is needed for the immediate removal of our troops from this disgusting war profiteering scheme.
Answer: Ahhh...now we understand that the president is not in iraq for us. He is there for something else. And why are our borders open when terrorists are supposed to attack any day now? We've been duped!
Category: Military

Tea Party-why are they using these programs ?

First, let us note the hypocrisy of some of these people who call for small government and a balanced budget while at the same time are studying in a public university. One must question why they are here at the University — why are they using these programs when they go against everything they stand for? Shouldnt they be in one of those private universities that are so much better? Could it be perhaps that public universities are more affordable and accessible than private universities and thats why theyre here? Ask them that the next time you see a University Tea Party member, Id like to know the answer. The Tea Party remains blind to the simple fact that government was created and exists for a reason: It exists because individual actors in the "free market" are not able to provide for the common needs of society on their own. That includes not just security but roads, electricity, piped water and common welfare. No private charity will ever be able to feed all the homeless, no private charity will ever be able to provide health care for those too poor to afford it. Ironically, what the Tea Party claims they want to prevent — the domination of big business and special interests — is exactly what will happen if the government removes itself from the economic sphere. They are very concerned about individual freedom and liberty and protecting the individual from political tyranny. Yet they fail to acknowledge the tyrannical nature of private corporations. Are the monopolies and oligopolies that will inevitably form and come to dominate the market not tyrannical? They strip individuals of their choices just as easily as and far more readily than the government could. What the Tea Party wants is nothing more than a return to the era of the Robber Barons. Those that subscribe to the Tea Party platform reveal a purposeful callousness toward their fellow humans. An eleven-year-old girl should not go hungry in school because the subsidized school lunch program has been cancelled. As South Carolina Lt. Governor Andre Bauer said, "Dont feed the poor it makes them breed." Its worth noting at this point that Bauer himself was a beneficiary of the subsidized school lunch program. Someone with cancer should not go bankrupt because they are burdened with millions of dollars of debt from being forced to pay for their treatment because the insurance companies wouldnt cover it. Every time the business cycle fluctuates, workers find themselves unemployed with no recourse while corporate CEOs give themselves hundreds of millions of dollars worth of bonuses and golden parachutes. If you believe any of this is OK, then by all means vote for the Republican Party, join the Tea Party rallies and write-in Congressman Ron Paul. You will get what you deserve — nothing more than a Hobbesian state "solitary, poor, nasty, brutish and short." I, for one, do not want to live in such a state
Answer: Too long and boring. I bet you do not even know anyone in the Tea Party much less, read the constitution. Stop watching MSNBC and regurgitating their nonsense. But to answer your long rant is simple. Tea Party members pay the majority of taxes in this country. Do you have a problem with them getting a return on their investment? You obviously don't have a problem using their tax money for your education, do you? If you, for one, don't want to live in such a state ... then move. That is what freedom is all about.
Category: Elections

Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket - IPS

In this latest Institute for Policy Studies Executive Excess annual report, our 19th consecutive, we take a close look at the most lucrative tax incentives and subsidies behind bloated CEO pay and highlight those executives who have reaped the highest rewards from tax code ... Of last year's 100 highest-paid U.S. corporate chief executives, 26 took home more in CEO pay than their companies paid in federal income taxes, up from the 25 we noted in last year's analysis.

Case study- Diagnosing the Scenario?

Van Bolton, Global Corporation’s new CEO, had expected things to go quite differently. Bolton had recently announced Global Airways’ intent to acquire Regional Air, a small East Coast carrier, for $100 million in cash. To his surprise, the resulting bitter dispute with Global’s pilots’ union had already cost Global over $70 million in lost revenues and saddled the union with a $10 million fine that threatened to bankrupt it. Bolton had expected a more favourable reaction from the pilots’ union, in that the takeover would boost traffic on Global’s East Coast routes, thus preserving jobs. It would also expand the union’s membership base. The company’s eighty-five hundred pilots were represented by the Airline Pilots’ Union (APU), an in-house union. Regional Air’s three hundred pilots belonged to the rival International Pilots’ Society (IPS), the far larger union that represented pilots at most other U.S. airlines. Now they would become members of the APU. Even before the acquisition, Global’s relations with its pilots had been badly strained. Throughout the 1980s and 1990s, Bolton’s predecessor had sought to reduce labour costs sharply. During a downturn, the former CEO had successfully imposed a two-tier wage system that sharply lowered the pay of newly hired pilots and provoked rifts within the union. Later, he had furloughed over six hundred pilots for two years, costing them both lost wages and service time for calculating pensions and other benefits. This history of conflict had radicalized Global’s pilots, and the union leaders who came to power in the mid-1990s had campaigned on a platform of “no more givebacks.” Bolton had been CEO for less than a year, but he had been with Global for close to twenty years. He had a reputation for toughness and attention to detail. The pilots understandably viewed him and his management team with distrust. When Bolton announced the Regional Air acquisition, union president Stuart Adams, a former air force fighter pilot and aggressive defender of union rights, fired off a letter of protest, demanding a meeting to discuss how the smaller airline would be integrated into Global. The APU leader feared that Global would operate Regional as a separate low-cost carrier, using lower-paid pilots. But Bolton pushed the deal through without reaching agreement with Adams over how to merge Regional into the larger company. Adams’s second letter of protest, distributed to the union’s membership, asserted that management’s handling of the acquisition was in violation of the collective bargaining agreement’s stipulation that “all flying done for Global must be done by Global pilots” and demanded full and immediate integration of Regional. Bolton shot back, “During our last round of negotiations, APU never proposed that we abandon the established practice of maintaining an acquired carrier as a separate entity while a transition agreement is negotiated, a practice that has taken place at Global and is common in the industry.” Adams pointed out that “a senior Regional captain flying a 150-seat MD-80 earns less than a Global captain flying a 55-seat regional jet. That would be a terrible precedent, to allow that to continue.” Global captains earned $150,000, Regional pilots roughly half of that. Invoking the earlier negotiations that had produced the two-tier wage structure, Adams expressed alarm “that the Regional Air acquisition could well represent another effort by management to establish a two-tier wage scale at Global Airlines.” Adams demanded that Regional pilots start at the bottom of the APU seniority list but receive immediate raises to match Global’s wage scales. The additional cost to Global was estimated at $50 million. A spokesman for the Regional pilots protested, “We should not have all our years of service ripped away from us. Many of us are in the last years of our career here, and we shouldn’t be treated as new hires.” Knowledgeable observers pointed out that the dispute actually had little to do with Global’s acquisition of Regional. The real issues appeared to be the integrity of the APU contract and Global’s strategy in a consolidating industry. One senior Global executive was on record as having said, “It’s about control. The pilots want to be right there in the decision of whether we buy another company or not.” Global’s pilots were prohibited by federal labor law from striking over the Regional Air dispute. But soon after the acquisition was announced, the pilots refused to work overtime and began calling in sick. At the peak of the ensuing ten-day sick-out, Global cancelled over 50 percent of its flights. The cost to the airline was estimated at over $70 million. Global’s management immediately sought an injunction in U.S. district court. 1. Think about how Bolton could shape the structure of the negotiation. Should he try to bring in other parties, such as a federal mediator? If so, who, how, and when? Thanks in advance
Category: Words & Wordplay

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