Connell, Tula


CEO Pay and the 99%

By Tula Connell

The AFL-CIO has launched the 2012 Executive PayWatch site—now called CEO Pay and the 99%—which includes the most comprehensive data accessible on 2011 executive pay. All of the data available is searchable by industry, by state and by the top 100 highest-paid CEOs. Check it and help us share it widely.

CEO Pay and the 99% shows that a CEO of a company in the S&P 500 Index, on average, received $12.9 million in total compensation in 2011. That’s nearly a 14 percent raise over the previous year. And that’s on top of a 23 percent increase in 2010.

In stark contrast, the average wage for workers hovered at $34,000 in 2011. Median household income fell $3,700 over the past decade. And those who are employed received an average 2.8 percent raise—barely keeping up with inflation.

The new site also features data on:

2011 PayWatch: Average CEO Salary– $11.4 Million

By Tula Connell
AFL-CIO

While 25 million unemployed and underemployed U.S. workers are drowning, CEO pay skyrocketed by 23 percent, for an average salary of $11.4 million in 2010, according to the AFL-CIO Executive PayWatch. Released today, data compiled at PayWatch also show CEOs have done little to create badly-needed jobs, instead sitting on a record $1.93 trillion in cash on their balance sheets.

The Truth About Taxes

By Tula Connell
AFL-CIO

In this cross-post from Our Fiscal Security, Tamara Draut, vice president of Policy&Programs at Demos, gives us a quick list of the top 10 tax stats.

1. The government collected less in taxes in 2010 than it has in over three generations, and tax rates are at historic lows.

2. The Bush tax cuts added $1.7 trillion to the nation’s debt over 2001-2008, which is more than it would cost to send 24 million kids to four-year public universities.

3. Corporate income taxes totaled about 1 percent of GDP this year, 60 percent lower than 40 years ago.