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Institute for Policy Studies
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    • Released August 25, 2008
    Executive Excess 2008: How Average Taxpayers Subsidize Runaway Pay
    By Sarah Anderson, John Cavanagh, Chuck Collins, Mike Lapham, Sam Pizzigati

    The U.S. tax code is riddled with loopholes that allow top corporate and financial leaders to avoid paying their fair share of taxes. Ordinary taxpayers wind up picking up the bill – to the tune of more than $20 billion per year. All five executive-friendly tax loopholes highlighted in the report are the targets of Congressional reforms. However, these efforts have stalled in the face of fierce opposition from corporate lobby groups. The report also finds that S&P 500 CEOs averaged $10.5 million in pay in 2007, 344 times the pay of typical American workers. Compensation levels for private investment fund managers soared even further. The top 50 hedge and private equity fund managers averaged $588 million each, more than 19,000 times as much as typical U.S. workers earned.

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    • Released June 20, 2008
    Border Crossings: Links Between Immigration, Debt and Trade
    By Sarah Anderson

    Immigrants need stronger protections in the United States, but the policy response should also address poverty and joblessness in their home countries. Debt cancellation is one measure that would give impoverished country governments a better chance of providing basic services, like health care and education. Combined with new approaches to trade, investment, and aid, it could help many developing countries reduce the economic pressures that drive migration.

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    • Released September 11, 2007
    Wal-Mart’s Sustainability Initiative: A Civil Society Critique

    Nearly two years ago, Wal-Mart CEO H. Lee Scott announced a bold initiative to turn the world’s largest company green. A long-anticipated fi rst progress report on these sustainability goals is expected to be released soon.

    In advance of the company’s report, 23 environmental, farm, labor, and other civil society groups have offered their own critiques of Wal-Mart’s approach to sustainability. Some of these critiques focus on specific Wal-Mart commitments and offer recommendations for change. Others argue that even if Wal-Mart achieved all of its stated goals, the company’s business model makes it inherently unsustainable. All of them remind us of what’s at stake by demonstrating Wal-Mart’s huge and often devastating impacts on real people and places in the United States and around the world.

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