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31st “Executive Excesses Report” Shows Pay Divide Growing
“At a time when many American workers are struggling with high costs for groceries and housing, the nation’s largest low-wage employers are fixated on making their overpaid CEOs even richer.” That’s the bottom line of the 31st “Executive Excess Report“– authored by Sarah Anderson from the Global Economy Project of the Institute for Policy Studies of the 100 S&P companies with the greatest pay differences. Anderson cites the example of the Starbucks CEO earning 6,666 times the salary of the front-line worker, and stock buy-backs create inequality injurious to both the workers and the long-term success of the companies.
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