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CEO Pay Continues to Rise; Walmart Workers Prepare to Call for Change at Shareholders Meeting

CEOs paid 373 times average worker pay, according to 2015 Executive PayWatch

ceopayWASHINGTON, DC—As Americans rally behind initiatives to raise pay for working families, CEO pay for major U.S. companies has skyrocketed. According to new AFL-CIO Executive PayWatch data, CEO pay increased nearly 16 percent in 2014, while Walmart and the Walton family continue to drive inequality nationwide.

The Executive PayWatch website, the most comprehensive searchable online database that tracks CEO pay, showed that in 2014, the average production and nonsupervisory worker made approximately $36,000 per year, while S&P 500 company CEO pay averaged $13.5 million per year – a ratio which has grown to 373-to-1. Meanwhile, a full-time worker making the federal minimum wage is paid just $15,080 a year, well below the poverty level for a family.

 Mega-retailer Walmart, highlighted in this year’s PayWatch, represents one of the most egregious examples of CEO-to-worker pay inequality. CEO Douglas McMillon is paid $9,323 an hour. A new Walmart employee making $9 an hour would have to work 1036 hours to earn what McMillon makes just 60 minutes. PayWatch also notes that six Walton family members have more wealth than 43 percent of America’s families combined.

“I made about $13,000 last year, working as many hours as the company would let me,” said Shannon Henderson, a Walmart employee and mother of two in Sacramento, California. “I work for the richest company in the world, and I can’t support my family without public assistance. That’s not right, and that’s why I’m not going to stop fighting for $15 and full time.”

Earlier this year, Walmart caved to worker pressure and announced it would raise wages for 500,000 U.S. associates. But despite the modest increase—and without any guarantee of adequate hours —many workers are still forced to rely on government assistance programs like food stamps to get by. Meanwhile, the company escalated its retaliatory actions against associates to a new level last month, when it abruptly closed five stores and laid off more than 2,000 workers, citing “plumbing issues.” Among the stores Walmart closed is the Pico Rivera, California Supercenter, the first store to go on strike in 2012, as well as the site of the first sit-down strike prior to last Black Friday. Walmart has failed to offer any evidence of a plumbing emergency that would require the immediate closing of five stores.

In light of the data released by Executive PayWatch, Walmart workers are prepared to demand change and accountability from the world’s largest retailer. As Walmart’s annual shareholders meeting approaches, workers have announced their intention to propose a shareholder resolution that would rein in executive compensation and incentivize sustainable investment, such as fair wages and benefits for workers.

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LEGAL DISCLAIMER: UFCW and OUR Walmart have the purpose of helping Wal-Mart employees as individuals or groups in their dealings with Wal-Mart over labor rights and standards and their efforts to have Wal-Mart publicly commit to adhering to labor rights and standards. UFCW and OUR Walmart have no intent to have Walmart recognize or bargain with UFCW or OUR Walmart as the representative of Walmart employees.

UFCW Local 555 President Dan Clay: This trade deal may help Nike, but it won’t help workers in Oregon

TPP-6Portland, OR—Today, Dan Clay, President of UFCW Local 555, the largest private sector union in Oregon, released the following statement concerning President Obama pushing for the Trans-Pacific Partnership (TPP) trade deal in a speech at Nike headquarters in Beaverton.

“It is very disappointing to see President Obama push a trade deal that will hurt hard-working Oregonian families. To do so by visiting Nike, a company with a long history of sending jobs overseas and exploiting workers is a complete insult. Support from companies like Nike and Wal-Mart shows how terribly flawed this trade deal really is.

At a time when we need good jobs and growing income, we are being told to believe in another flawed trade deal, and ignore the self-centered agendas of politicians and irresponsible corporations.

Given the current economic struggles so many men and women in Oregon face, I can’t imagine a worse thing for President Obama to be prioritizing than a fast track trade deal that will widen the gap between the rich and the poor.

We will lose more jobs. We will see more of our businesses close. And, worst of all, working and middle class families in Oregon, whether they are union members or not, will pay the price.

Enough is enough. People in Oregon deserve better than this, and we must all work together to put our hard-working families first.

Every member of the Oregon Congressional delegation should show their commitment to good jobs in Oregon by opposing this bad deal for workers.”

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Join the United Food and Commercial Workers (UFCW) Local 555 online at www.ufcw555.com

We are over 20,000 workers standing together to build an economy that every hard-working family in Oregon and Southwest Washington deserves.

 https://www.facebook.com/UFCWLocal555    @UFCW555

Nation’s Largest Private Sector Union Calls on DOJ to Stop Merger Between Comcast and Time Warner

In letter to Attorney General Eric Holder, UFCW President Marc Perrone, citing impact on all hard-working families, calls on DOJ to oppose merger

via nbc news

via nbc news

WASHINGTON, D.C.Marc Perrone, International President of the 1.3 million member United Food and Commercial Workers International Union (UFCW), sent a letter to Attorney General Eric Holder yesterday urging the U.S. Department of Justice to block the proposed merger between Comcast and Time Warner Cable because of the negative impact the resulting company will have on working families’ much-needed access to affordable and reliable cable and Internet services. Perrone wrote his letter to Attorney General Eric Holder and Renata Hesse, Deputy Assistant Attorney General for the Antitrust Division.

“The UFCW strongly opposes the proposed $45 billion merger between Comcast and Time Warner Cable.  This merger will lead to higher costs, fewer choices and inadequate Internet service for our 1.3 million members and millions of hard-working families across the country.

“On behalf of our members, I have sent a letter to the U.S. Department of Justice outlining why this merger will further hurt working and middle class Americans.  As the gap between the rich and poor continues to grow, this merger will make Internet access less affordable to the very people who need it to get ahead.  Stopping the merger between Comcast and Time Warner is in our country’s best interest, and the UFCW strongly urges the U.S. Department of Justice to protect Internet access for America’s working and middle class families. I call on federal regulators to unequivocally block Comcast’s proposed purchase of Time Warner Cable.”

A copy of UFCW President Perrone’s letter to the U.S. Department of Justice is linked here.

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Join the United Food and Commercial Workers International Union (UFCW) online at www.ufcw.org.

We are 1.3 million families standing together to build an economy that every hard-working family deserves.

 www.facebook.com/UFCWinternational    @UFCW