My latest from the AFL/CIO team.
I'm a member of the AFL/CIO email and promotion team. I humbly request your participation in our efforts to restore the American middle class.
Michael,
373 to 1. That was the average CEO-to-worker pay ratio in 2014 for Standard & Poor’s 500-stock index companies. That means the average worker would have to work for an entire year to make what a CEO makes in a single day. When we talk about income inequality and the widening pay gap, this is what we mean.
Five years ago, Congress passed a law requiring all publicly traded companies to disclose the CEO-to-worker pay ratio. The thinking goes that if companies are required to disclose this ratio, consumers and shareholders would be able to hold companies more accountable to closing the pay gap within their own ranks. But Wall Street and big corporations have lobbied hard to stop the U.S. Securities and Exchange Commission (SEC) from enforcing this rule. It’s time to change that.
Click here to sign the petition telling the SEC it’s time to do its job and enforce the law requiring companies to disclose their CEO-to-worker pay ratios.
So what’s the hold up? Frenzied lobbying by major corporations that oppose the law and have successfully pressured the SEC to not step up and enforce it. Your petition signature will be delivered directly to the SEC in June to pressure it to do its jobs and start enforcing the law now.
The SEC is still considering this and corporations are lobbying hard against it. Which means we need your voice in the fight.
Click here to sign the petition now.
In solidarity,
Heather
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Heather Slavkin Corzo
Director of the Office of Investment, AFL-CIO
Petition:
http://www.aflcio.org/Corporate-Watch/Paywatch-2015/Take-Action
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