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Columnists

The CEO and the new feudalism

Few developments in our era of savage capitalism are so powerfully symbolic of the new feudalism than the obscene compensation paid out to the new economic elite: the CEOs of the most powerful corporations in the country.

The Canadian Centre for Policy Alternative's Hugh MacKenzie now reminds us yearly of this economic and social sickness by identifying exactly when the average CEO (of the 100 largest firms) has earned as much as the average worker makes in a year (this time around it was by 2:30 p.m. on January 3rd.) The total average compensation for Canada's 100 highest paid CEOs was $6,643,895 in 2009. 

Columnists

CEOs as Liberal Party thinkers

Michael Ignatieff did a well publicized tour of Canadian Universities in January. Judging from the list of 40 speakers he invited to address the upcoming Liberal thinkers conference March 26 to 28 in Montreal, he was not impressed: only one student is invited to speak (water activist Ryan Hreljac), and no younger faculty.

The Liberals went for business leaders: 11 CEOs will own the podium (sorry). In 2010, knowledge seemly increases with salary, and brains are best found in the biggest executive suite. Aside from Ryan Hreljac, education is represented by three University and College presidents, two business school heavies, two political scientists, a health scientist and an economist.

'We're not going to take it!' Air Canada flight attendants fight back -- with video

Air Canada’s 6,800 flight attendants say they’re getting ready to strike at midnight, despite Labour Minister Lisa Raitt’s comment that she has blocked a walkout.  As they prepare for possible strike action, flight attendants take to YouTube to get their message across to the public.

Alert! Radio from Canadian Dimension

Are CEOs Worth Millions a Year, Whatever Happened to Pension Reform and Behind the Scenes in Sudan

January 20, 2011
| Alert! Radio #169 – Interviews with Murray Dobbin, Kai Hasserliis & Chris Roberts. Headlines, Around the Left in 7 Days and Music is the Weapon.

60:34 minutes (27.73 MB)

AIG won't release names of executives, citing death threats

Members of a congressional panel interrogating AIG CEO Edward Liddy on Wednesday repeatedly asked that he release the names of executives who were on the good end of $165 million in bonus payments. Rep. Barney Frank (D-Mass.), chairman of the Financial Services Committee, requested the names and threatened to subpoena them.

- AmericanNewsProject

 

Who's keeping Burger King workers below the poverty line?

What would you do with an extra $18,000 in your pocket?

That's the amount of extra cash each and every Burger King employee in America would have received last year if Goldman Sachs (one of the fast-food chain's largest owners) had shared its bailout billions with rank-and-file workers. Instead, Goldman Sachs squandered 6.5 billion of our taxpayer dollars on bonuses for their financial staff. These were some of the highest bonuses on Wall Street! Meanwhile, Burger King workers earn wages averaging just $14,000 a year -- well below the federal poverty line for a family of three.

 Courtesy: http://warongreed.org/

Bosses of the world, Unite!

rabble.ca doesn't usually post stories extolling the virtues of CEOs, but this song was so compelling we couldn't resist.

Written & recorded in 2000 by Jim Terr, set to video in 2008 inspired by the $18 million salary of corporate genius Richard Syron of Freddie Mac.

The trouble with CEO pay in Canada

Hugh Mackenzie, researcher at the Canadian Centre for Policy Alternatives, gives you the dirt on the growing income gap between Canada's very rich and the rest of us. Visit the Canadian Centre for Policy Alternatives here: http://policyalternatives.ca

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