- March 2, 2012
Common Dreams features blog “Crikey! Australia Shocks Corporate America on Trade”Visit the publisher's website • See the blog
- February 28, 2012
Georgetown Voice Vox PopuliVisit the publisher's website
The first two guest speakers of the day, Sarah Anderson of the progressive think tank the Institute for Policy Studies and Bart Naylor, a financial policy advocate at the consumer interest lobby Public Citizen, responded most directly to the Wall Street Training Bootcamp across campus. Anderson, while acknowledging that certain financial sector jobs are vitally important, asserted that Wall Street has grown entirely too large. The system of rewarding risky ventures and high-frequency computerized trades, she said, could cause another financial collapse.
- February 11, 2012
Kansas City InfoZineVisit the publisher's website
“Extreme inequality within firms is bad business,” Sarah Anderson, global economy project director for the Institute for Policy Studies, said because it lowers morale and leads to high turnover rates.
- February 9, 2012
Mother Jones features article “Full Testimony to the Senate Budget Committee on Inequality, Mobility, and Opportunity”Visit the publisher's website • See the article
- February 7, 2012
International Business TimesVisit the publisher's website
Backers of the provision, naturally, disagree. In a March 2011 letter to the SEC, the Institute for Policy Studies said the requirement is needed because extreme pay differentials between CEO's and their employees can lead to lower morale, higher turnover rates, and reinforce a "celebrity CEO" culture that is not conductive to high executive performance.
"To keep their pockets stuffed, executives will nurture the hierarchies that frustrate enterprise empowerment. They will devote themselves to making their companies bigger, not better," the Institute wrote. "Corporations that lavish multiple millions on their executive superstars, even if those millions [are] mere 'peanuts' in the grand corporate scheme of things, create great fortunes for their executives. They do not create great enterprises."
- January 29, 2012
The Federal Times features report “America Is Not Broke”Visit the publisher's website • See the report
The Institute for Policy Studies puts the savings from overseas base closures as high as $184 billion over 10 years.
- January 19, 2012
Time Magazine features report “Executive Excess 2011: The Massive CEO Rewards for Tax Dodging”Visit the publisher's website • See the report
"A recent report by the Institute for Policy Studies, a Washington-based think tank, found that CEOs at large U.S. firms earned, on average, $10.8 million in 2010, a 28% increase from the year before, while the average worker took home $33,121, a mere 3% more. At that level, CEOs’ paychecks are 325 times bigger than their employees’...
"Chuck Collins, a specialist on income inequality at the Institute for Policy Studies, advocates tax reform that would hike levies on the wealthiest and end the abuse of offshore havens; new corporate rules that would enhance labor and community influence over company management; and restrictions on the ability of Big Business to fund and lobby politicians. Inequality 'is part of the natural dynamic of capitalism when there are no checks to counterbalance wealth and power,' Collins asserts."
- January 3, 2012
Blog Talk RadioVisit the publisher's website
- December 15, 2011
People's Weekly World
Sarah Anderson of the Institute for Policy Studies pointed out "there's a big backlash from companies" against a requirement of the Dodd-Frank securities law, which applies to all firms, to disclose their top executives' compensation as a multiple of how much they pay their average worker. The current ratio of CEO pay to average worker's pay is 325-1.
- December 6, 2011
The San Antonio Express-News features article “A Main Street Jobs Agenda”Visit the publisher's website • See the article