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CEO

Average CEO Raise Is Ten Times What Workers Earn

May 28, 2016 Stan Choe, www.hosted2.ap.org , , , ,
By Stan Choe for Associated Press - NEW YORK (AP) — CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks — a big fat zero. The typical chief executive in the Standard & Poor's 500 index made $10.8 million, including bonuses, stock awards and other compensation, according to a study by executive data firm Equilar for The Associated Press. That's up from the median of $10.3 million the same group of CEOs made a year earlier.

Ex-Chesapeake Energy CEO First To Be Indicted In Federal Investigation

March 2, 2016 Candy Woodall, www.tedglick.com , ,
By Candy Woodall for Penn Live - Aubrey McClendon, the former CEO of Chesapeake Energy, was indicted Tuesday for rigging bids to buy oil and gas leases. The scheme occurred in northwest Oklahoma from December 2007 to March 2012, according to the U.S. Department of Justice. The Justice Department said McClendon's indictment is "the first case resulting from an ongoing federal antitrust investigation into price fixing, bid rigging and other anticompetitive conduct in the oil and natural gas industry."

A Tale Of Two Retirements

October 31, 2015 Scott Klinger and Sarah Anderson, www.ips-dc.org , , ,
By Scott Klinger and Sarah Anderson for IPS - This report, co-published by the Institute for Policy Studies and the Center for Effective Government, is the first to provide detailed statistics on the staggering gap between the retirement assets of Fortune 500 CEOs and the rest of America. Key findings: The company-sponsored retirement assets of just 100 CEOs add up to as much as the entire retirement account savings of 41% of American families (50 million families in total). The 100 largest CEO retirement accounts are worth an average of more than $49.3 million—enough to generate a $277,686 monthly retirement check for each executive for the rest of their lives.

Employee Confronts Starbucks CEO At Public Meeting

June 21, 2014 Anne Meador, www.dcmediagroup.us , , ,
Washington, DC-area Starbucks employee Sam Dukore put a few tough questions to Howard Schultz, the corporate CEO, when he came to town promoting a new benefit that Starbucks is offering its employees: tuition reimbursement for online college classes. Dukore, who makes less than $10/hour working as a barista at Starbucks for 2 1/2 years, says Schultz should address low wages throughout the company. Although Starbucks made $1.7 billion in profits last year, the average pay for a barista at Starbucks is about $8/hour, and hours scheduled tend to fluctuate from week to week. Schultz was paid $28.9 million in 2013, an 80% pay raise over the year before, plus $18 million in stock awards and an invitation to work as head of the company for three more years. Dukore says that he was promised a promotion six months ago, but it’s failed to materialize.
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