AFL-CIO Launches Web Site Targeting Executive Salaries

[Omaha Steve]

http://www.cnsnews.com/public/content/article.aspx?RsrcID=46678

Thursday, April 16, 2009
By Matt Cover

AFL-CIO President John J. Sweeney (AP Photo) (CNSNews.com) – The nation’s largest labor federation, the AFL-CIO, has updated one of its Web sites that details the salary and benefits of top executives from 946 American corporations. The site also features so-called case studies of the CEOs, as well as an interactive game called “Boot the CEO.”

A leading critic of the AFL-CIO’s tactics, however, said most of the CEOs on the list are likely being targeted because they work for companies whose employees are not unionized or who have chosen not to unionize.

The Web site, “2009 Executive PayWatch,” lists executives by industry and by individual company, and provides tables for each chief executive’s pay structure, showing how much he or she makes in relation to average hourly workers. The site takes its data from each company’s Securities and Exchange Commission (SEC) filings through the end of March 2009.

Last year’s PayWatch site profiled 3,000 CEOs from all sectors of the economy. The AFL-CIO hopes to reach that number again this year as it updates its executive pay database.

The “case studies” on the PayWatch site criticize the pay structures of 10 companies, including AIG and Bank of America, using more detailed figures to show what the AFL-CIO thinks are excessive pay structures.

FULL story at link.