PLEASE BE PATIENT, THIS PAGE MAY TAKE A WHILE TO LOAD

WEB PAGE INDEX
Includes recent updates

Home // About Lodge 1426 // Meet the E-Board // Notable Members of Lodge 1426 
 News From the I.P. // Shops Under IAM Contract // Shop Stewards // Delegate Reports & Events 
Union Links
 // News from imail, Work in Progress, America at Work, Misc.  // Political Action  
  IAM History // Join the IAM // Union Plus Benefits // IAM Pension // Women's Dept. // Toon Ville   
Guide Dogs of America
 // Help for Stewards //  IAM Journal // Have You Heard // International Presidents  
General Secretary Treasurers
// North West Iowa Labor Council // Iowa Federation of Labor News //  Noteworthy Men & Women 
News From Corporate America
// Winpisinger Center // Speak Out! Be Heard! // Health Issues 
Concerns from Working Men & Women // News for Retired Members

 


FROM THE AFL-CIO
EXECUTIVE PAY WATCH


PAYBACK TIME FOR CEO HOGS

 

`WE WANT OUR RIGHTS!'--American workers came to Labor Day 2001 with a strong sense that when it comes to life on the job, we can do better, according to a new survey released Aug. 30. Fully 68 percent of workers say workplace rights need more protection, and employers inspire little or no trust among two-thirds of workers--resulting in a strong 56 percent majority who say new laws are needed to hold corporations accountable for the way they treat employees. The poll, conducted by Peter D. Hart Research Associates for the AFL-CIO, shows that workers place a high value on rights at work--such as the rights to earn a decent wage and have personal privacy on the job--but many think employers are doing a poor job protecting those rights. "American workers have issued a report card to corporate America and stamped it 'unsatisfactory,'" AFL-CIO President John Sweeney said. In alarming findings, the poll shows almost half of black workers say they have experienced racial discrimination at work and nearly a quarter of women say they have been sexually harassed on the job. And while more than three-quarters of workers say management or stockholders benefited from the recent economic boom, 81 percent of them say employees would sacrifice the most in an economic slowdown. You can download the full report and take action on workers' rights at www.aflcio.org.

CEOS CASH IN--The nation's top corporate executives continue to enjoy substantial pay hikes while Wall Street slides and workers face the biggest job cuts in a decade, according to a study by the Institute for Policy Studies and United for a Fair Economy. "Never over these [last eight] years, however, has there been such a blatant pattern of CEOs benefiting at the expense of their workers as the year 2000," says the report, entitled Executive Excess 2001: Lay-offs, Tax Rebates and the Gender Gap, Eighth Annual CEO Compensation Survey. To read the report, click on www.ips-dc.org.

THE BELOW LINK ISN'T NEWS FROM CORPORATE AMERICA, IT'S NEWS ABOUT OR TO CORPORATE AMERICA.
COWARDLY ACTS


EMPLOYERS GAGGING--Legislation passed by the New York State Assembly and agreed to by the state senate and Gov. George Pataki (R) bars employers receiving state money from using the funds to influence union organizing. Employers and business groups claim the measure is a gag order that violates their First Amendment rights. The law will require employers receiving state funding to keep financial records and submit to audits to ensure state funds aren't used to pay for activities that either promote or deter union organizing, such as training managers or conducting captive audience meetings. 

SKEWED CORPORATE VALUES--The American Management Association's 2002 Corporate Values Survey of corporate executive members reveals that 32 percent of respondents said their companies' public statements sometimes conflicted with internal messages and realities. Another 36 percent said their organizations would always do what's legal, but not always what would be perceived as ethical. And others indicated their companies' stated values were adhered to only some of the time, including ethics/integrity (23 percent), accountability (37 percent) and respect for others (37 percent). For an executive summary of the survey, visit www.amanet.org/research/index.htm .

08/29/02
CORPORATE GREED EXCEEDS EXPECTATIONS--Just when it seems corporate corruption reached its peak, startling new revelations lurch onto center stage. A new study finds that the CEOs of failing companies under investigation for accounting irregularities made 70 percent more money than the average CEO.

The top executives of companies under investigation by the SEC, Justice Department and other agencies raked in an average $62 million annually. By contrast, the CEOs of firms listed in the annual Business Week executive pay survey is $36 million. By the same token, employees at the 23 firms under investigation suffered a total of
162,000 layoffs in the past 18 months.

Also, the same firms lost more than $530 billion in share value, about 73 percent of their total value. While the CEOs are cushioned by the huge sums they raked in, workers saw their retirement securities go up in smoke and shareholders are left holding a mostly empty bag.

The report points out that if worker pay had increased as fast as CEO pay over the past decade, the average worker would have earned $101,156 last year instead of the much more modest $25,467 in worker pay. The report was produced by United for a Fair Economy, a Boston-based advocacy group; and the Institute for Policy Studies, a Washington, DC, - based think tank. The report is available at www.FairEconomy.org.

 

Home // About Lodge 1426 // Meet the E-Board // Notable Members of Lodge 1426 
 News From the I.P. // Shops Under IAM Contract // Shop Stewards // Delegate Reports & Events 
Union Links
 // News from imail, Work in Progress, America at Work, Misc.  // Political Action  
  IAM History // Join the IAM // Union Plus Benefits // IAM Pension // Women's Dept. // Toon Ville   
Guide Dogs of America
 // Help for Stewards //  IAM Journal // Have You Heard // International Presidents  
General Secretary Treasurers
// North West Iowa Labor Council // Iowa Federation of Labor News //  Noteworthy Men & Women 
News From Corporate America
// Winpisinger Center // Speak Out! Be Heard! // Health Issues 
Concerns from Working Men & Women // News for Retired Members


Comments or Suggestions? E-mail the Communications Officer
of Siouxland Lodge 1426 IAMAW
webmaster@iamawlodge1426.org