Subsidizing CEO Welfare
It’s time to change course.
It’s time to change course.
“Our report details how taxpayers are in effect rewarding corporate executives for gaming the tax system,” says co-author Scott Klinger. “The tax code has become a prime enabler of bloated CEO pay.”
How our tax dollars subsidize exorbitant executive pay
Verizon is the poster child for corporate irresponsibility.
While foreclosures have devastated the financial security of millions of American families, the CEOs of Wells Fargo and Bank of America have seen their retirement packages balloon.
Political commentators on MSNBC’s morning news talk show agreed that the forty-year trend of rising executive compensation is “obscene” and that Citigroup shareholders have a right to be upset.
Today’s corporate elites should stop pushing for austerity for the many and prosperity for the few and embrace Henry Ford’s strategy of shared prosperity.
Astronomic compensation remains the norm on Wall Street.
You take the risks, they reap the profits.
Whether they manage football pageants or Ford Motor Co., these guys remind us how much needs to change, economically and politically, in 2012 and beyond.
There are 46.2 million Americans living in poverty.
Senator Dick Durbin (D-IL), Senate Majority Whip, spoke about the IPS Executive Excess report during a floor speech about how corporate accountability can help the U.S. overcome the current economic crisis.
Back from sabbatical, our director reflects on the challenged of the day and how the Obama administration can face them.
A new report from the Institute for Policy Studies documents how America’s top corporate execs are stiffing Uncle Sam – and lavishly lining their own pockets in the process.
Shareholders should reward CEOs for building better products or delivering better services, not for accounting gymnastics that game their tax bills down.