Why Trump’s Labor Secretary Pick Might Back Down From the Job

Why Trump’s Labor Secretary Pick Might Back Down From the Job

Amid speculation that Donald Trump’s pick for Labor Secretary, Andrew Puzder, may have lost his appetite for the job, the fast food CEO’s personal financial disclosure documents are being kept from public view. When — and if — the Office of Government Ethics releases...

Retirement Divide: 100 CEOs v. the Rest of Us

Media Contacts: Sarah Anderson, Report co-author, sarah@ips-dc.org, 202-787-5227 Domenica Ghanem, Communications Coordinator, press@ips-dc.org, 202-787-5205 (Washington, D.C. ) – The presidential election put a spotlight on the economic insecurity millions of...
Executive Excess 2016: The Wall Street CEO Bonus Loophole

Executive Excess 2016: The Wall Street CEO Bonus Loophole

This report is the first to calculate how much taxpayers have been subsidizing executive bonuses at the nation’s largest banks. Find shareable graphics here. The study focuses on a 1993 Clinton administration reform that was intended to rein in runaway CEO pay...
Before Bankruptcy, Peabody Execs Feasted on Climate Disaster

Before Bankruptcy, Peabody Execs Feasted on Climate Disaster

Peabody Energy filed for bankruptcy today, but its top executives will still be enjoying the millions they pocketed before the collapse of coal. While it remains to be seen whether Peabody will honor its $1.47 billion in environmental liabilities, the company has...
Did This Star CEO Deserve Mega Millions For His Work?

Did This Star CEO Deserve Mega Millions For His Work?

One of the high-tech world’s most fabled superstars has passed. Andy Grove, the long-time CEO at the chip-making colossus Intel, died earlier this week at age 79. Grove’s death brought forth a rush of entirely predictable plaudits from Corporate America. Former...
Oil and Gas Executive Was a Wrecking Ball Businessman

Oil and Gas Executive Was a Wrecking Ball Businessman

Aubrey McClendon’s 2013 Chevy Tahoe ignited after he slammed into an Oklahoma City overpass at high speed. Flames charred the brazen oil and gas executive’s body so badly that medical experts relied on dental records to verify that he’d died. One day before McClendon...
Trump Should Blame CEOs (Not Foreign Workers) for Retirement Crisis

Trump Should Blame CEOs (Not Foreign Workers) for Retirement Crisis

Donald Trump showed a glimmer of reason in his last debate when he defended his position as the Republican Party’s only presidential contender who is opposed to cutting Social Security. Alas, it was but a glimmer. A split second later, Trump took a loony leap from...
Walmart Needs a Maximum Wage

Walmart Needs a Maximum Wage

Walmart’s recent decision to raise the pay of almost half its US employees should be lauded on many fronts. As my colleague Karen Dolan pointed out in her column this week, it’s important to acknowledge when corporations do something right—not just when they screw up....
A Tiny Step Toward Ending a CEO Scam

A Tiny Step Toward Ending a CEO Scam

  CEOs would never bet against their own companies, would they? CEOs get paid, after all, multiple millions to make sure their companies succeed. Why would they ever put their money on their own companies failing?  The quick answer: to make sure those millions...
Darden Launches Unfounded Attack on IPS Research — Again

Darden Launches Unfounded Attack on IPS Research — Again

The Institute for Policy Studies released a report on October 1 which was the first to provide a detailed analysis of the compensation three top Darden executives will walk away with after being urged to resign in the face of investor pressure. The key finding: Darden...
Darden’s Golden Goodbyes

Darden’s Golden Goodbyes

In the face of investor pressure over slumping sales, the corporate board of Darden, the world’s largest full-service restaurant chain, has pushed three top-level executives to resign. As part of “golden goodbye” agreements, these three men will walk away with more...