Showing posts with label labor. Show all posts
Showing posts with label labor. Show all posts

Labor Puts Executive Pay in the Spotlight

Posted by The Popular News Today on Monday, April 25, 2011

Richard Trumka, the A.F.L.-C.I.O. president, at a rally on Monday.Alex Wong/Getty Images Richard Trumka, the A.F.L.-C.I.O. president, at a rally on Monday.

The A.F.L.-C.I.O. has long been happy to treat executive compensation as a punching bag, and a Web site it put online Tuesday lands a few new punches.

The site, 2011 Executive Paywatch, notes that total compensation for C.E.O.’s averaged $11.4 million in 2010, up 23 percent from the previous year, based on the most recent pay data for 299 major companies.

The Web site notes that the C.E.O.’s at those 299 companies received a combined total of $3.4 billion in pay in 2010, enough to support 102,325 jobs paying the median wage.

With this ammunition in hand, the A.F.L.-C.I.O. said that “while C.E.O. pay is still out of control,” the nation’s “shareholders now have new tools to fight back. C.E.O.’s must now give their shareholders a ‘say on pay,’ thanks to the Dodd-Frank Wall Street Reform and Consumer Protection Act that President Obama signed in July 2010.”

The labor federation clearly loves the fact that Section 953(b) of Dodd-Frank “requires companies to disclose the ratio of C.E.O-to-worker pay for their median employee.”

Richard Trumka, the federation’s president, said, “Despite the collapse of the financial market at the hands of executives less than three years ago, the disparity between C.E.O. and workers’ pay has continued to grow to levels that are simply stunning.”

The Web site notes that chief executives’ compensation is 343 times the median pay — $33,190 — of American workers. It adds that the $11.4 million average for C.E.O.’s is 28 times the pay of President Obama, 213 time the median pay of police officers, 225 times teacher pay, 252 times firefighter pay, and 753 times the pay of the minimum-wage worker.

Citing Emmanuel Saez, an economist at the University of California, Berkeley, the Web site says: “The increase of income inequality leading up to the 2008 financial crisis and ‘Great Recession’ is striking. Between 1993 and 2008, the top 1 percent of Americans captured 52 percent of all income growth in the United States.”

On the new Web site, the A.F.L.-C.I.O. singled out several C.E.O.’s that it turned into case studies. There was Ray R. Irani of Occidental Petroleum, with compensation of $76,107,000, and Michael S. Jeffries of Abercrombie & Fitch, with compensation of $36,335,000. Showing an evident desire not to discriminate against women, the labor federation also cited Susan M. Ivey of Reynolds American at $23,813,000.

Labor, of course, is not alone in its use of the Web to appeal to hearts and minds on workplace issues. The U.S. Chamber of Commerce has produced sites like the Campaign for Free Enterprise in its push to create a more favorable business environment. (A section of the chamber’s site dedicated to reducing regulations includes a board game where one obstacle is the Labor Lagoon.)

The A.F.L.-C.I.O. clearly hopes to use its new site along with provisions in the Dodd-Frank legislation to press corporate boards to rein in C.E.O. salaries or to give workers large raises or both — whatever it takes to reduce the C.E.O.-to-worker disparity.

“Pay-ratio disclosure will encourage boards of directors to focus on their internal compensation structures,” the labor federation states on the site. “This information is important to investors because high C.E.O.-to-worker pay disparities hurt employee morale and productivity.”

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NFL, players to pick up labor talks next week

Posted by The Popular News Today on Saturday, April 16, 2011

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MINNEAPOLIS -- Negotiators for the NFL and its locked-out players wrapped up a second day of court-ordered talks Friday with no signs of significant progress. They will reconvene at 11 a.m. ET Tuesday.

The two sides left the federal courthouse in Minneapolis after about four hours of talks, following nine hours of meetings on Thursday.

Hall of Famer Carl Eller, who is representing retired players in the antitrust lawsuit against the league, said he thinks the two sides are "moving forward" but the process "slowed a little bit" Friday.

"There is progress, but it wasn't like we're right around the corner," Eller said. "We could resolve it if we had met on the weekend, but maybe not."

NFL In a guest column, NFL rep Greg Aiello outlines the league's problems with the CBA and ways to fix the system as the game moves forward. Story

NFLPA NFLPA executive George Atallah breaks down how the players and the union view the crucial talks. Story

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U.S. Magistrate Judge Arthur Boylan, who is overseeing the sessions, assigned some weekend homework, according to Michael Hausfeld, an attorney for the players.

"The judge has asked us to provide answers to over a half-dozen questions that he's asked," Hausfeld said, declining to provide details. "There's a lot of work."

"We have work to do over the weekend. ... It is positive that both sides continue to communicate. ... We want to get it resolved," commissioner Roger Goodell said on a conference call with San Diego Chargers season ticket-holders Friday. "We understand it's not good for anyone, especially our fans."

With the 2011 season in jeopardy, Boylan is overseeing this round of talks after 16 days of mediated sessions in Washington failed to secure a new labor pact.

"We need to have some productivity," Eller said. "We need to come out of here with something, and I think that there is a sense of realism on the judge's part. It's not just talk. Just getting together to talk is not productive."

U.S. District Judge Susan Richard Nelson, who ordered the mediation, is still considering a request from the players to lift the lockout imposed by the owners. After an April 6 hearing, she said she planned to rule on the injunction request in a couple weeks -- which would mean next week.

When asked about the presumed deadline, when Nelson will rule on the players' request, Eller told ESPN's Ed Werder: "When it convenes we want to have something for her so there is pressure."

Players including MVP quarterbacks Tom Brady and Peyton Manning filed the request along with a class-action antitrust suit against the league. The lawsuit has been combined with two other similar claims from retirees, former players and rookies-to-be, with Eller the lead plaintiff in that group.

Goodell, four team owners and several league executives and lawyers left the building without speaking to reporters. NFL spokesman Greg Aiello, via email, declined to comment.

DeMaurice Smith, the NFL Players Association executive director, also refused to talk. He left the courthouse with lawyers and linebackers Ben Leber and Mike Vrabel, two other plaintiffs in the antitrust suit filed March 11 when the last collective bargaining agreement expired, the union dissolved and the lockout began.

At least the mood appeared light.

Reporters staking out the closed-door session were greeted with smiles and goodbyes from negotiators and attorneys as they departed. In a packed elevator on the way down to the lobby, Smith needled Vrabel by deadpanning to media members inside, "All right, in all seriousness, Mike is going to have a statement. You ready?"

Silence.

Then laughter.

The NFL's first work stoppage since the 1987 strike, of course, is no joke for either side -- especially for the fans who pay to sit in the seats at sparkling new stadiums, buy replica jerseys to show their support and watch out-of-market games on satellite television.

"I'm a fan, too," Eller said earlier this week. "We would like to ease their minds. We can't tell them the outcome, but we are very interested in having a football season."

That's one shared goal between the two sides. With the dispute now in court, public relations is a major part of the effort for each side -- through press releases, links and comments on Twitter and communicating directly to the public in the push to get the message out.

"We're going to make sure we have football and more of it," Goodell said this week in a conference call with Cleveland Browns season ticket-holders.

Said Smith after the April 6 hearing in Nelson's court: "Keep rooting for the players, and keep rooting for football."

Spin and rhetoric has been intense at times from both corners, but Aiello said the league doesn't view this as a public relations battle with the players.

"Our job always is to keep fans informed," Aiello said. "That is what we're doing in this situation."

NFLPA spokesman George Atallah didn't return messages this week.

The players have a website, nfllockout.com, that highlights community outreach and charitable efforts by the players and includes talking points for their side.

The NFL website, nfllabor.com, is a similar version for the league. Lead negotiator Jeff Pash recently wrote an op-ed column in the Chicago Tribune, stressing concessions the NFL has made with a list of highlights of its latest offer before talks broke down.

Eller sounded optimistic, not only about the progress but also the opportunity to represent his fellow retired players, who have pushed for better benefits and care from the league for years.

"We don't drive this. We need them both," said Eller, referring to the current players and the league owners. "Our needs hinge on both of them. It's not an either-or situation for us. ...

"What I want the retirees to understand is that we are carving a unique situation. ... We're at the table, and I think this is something that they ought to be able to rejoice at an early stage, because where we go from here, it's going to be a major move," he said.

Goodell said Thursday that the league hopes to release its schedule for next season within the next 10 days and plans to play "a full season." He also said there are no plans to use replacement players as the league did in 1987 and that the Super Bowl in Indianapolis could be pushed back one week or the two-week gap after the conference championships could be shortened to one if necessary.

"It has not been part of discussions," Goodell said Friday of using replacement players. "We are not at all considering that. Our focus is on the collective barraging agreement and getting the best solution for the game, for the fans, for the players and for the clubs. Our entire focus continues on that."

Goodell also continued to sell the merits of an 18-game schedule.

Information from ESPN's Ed Werder, ESPN.com's Bill Williamson and The Associated Press was used in this report.

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