Posts Tagged ‘Institute for Policy Studies’
Wednesday, September 11th, 2013
Inequality, unfairness, has many causes. In the animal kingdom, hiearchy generates stress for dominated, lower-ranking subordinates. Distress certainly results from poorly executed human systems, specifically hierarchical workplaces gone awry. Consider the connotations of being branded a “subordinate.” Dignity and respect are withheld simply because of being on the “bottom” of a graphic. People become top and bottom when they internalize the chart. “Higher ups” have power to control conditions for the “lower-ranking.”
Rankism, the granting of superiority to individuals in roles higher up the org chart than us, is a social disease. Though many driven by narcissism claim superiority for no objective reason. [Read the fine work of Dr. Robert Fuller to understand Rankism.] A recent study described in the video blows holes in the proffered rationale that CEO “deserve” compensation that averages 354 times the salaries of workers.
Read the report cited in the video: Executive Excess 2013: Bailed Out, Booted & Busted. A 20-year review of America’s top-paid CEOs by the Institute for Policy Studies, August 28, 2013.
Tuesday, September 14th, 2010
The 17th annual report on executive compensation from the Institute of Policy Studies (Sarah Anderson is principal author) should disgust all Americans. There is a surreal inverse correlation between responsibility for corporate layoffs and personal pay for execs. The more workers they put on the street, the higher their pay package. In 2009, the ratio of average CEO compensation to average worker compensation was 263:1.
From the Key Findings of the IPS report:
• Profit-Employment Disconnect: The overwhelming majority of the layoff-leading firms — 72 percent — announced their mass layoffs at a time of positive earnings reports. This reflects a broader trend in Great Recession Corporate America: squeezing workers to boost profits and maintain high CEO pay.
• Slashing Jobs Pays: CEOs of the 50 firms that have laid off the most workers since the onset of the economic crisis took home nearly $12 million on average in 2009, 42 percent more than the CEO pay average at S&P 500 firms as a whole.